Rightmove (LON:RMV) Stock Price Down 12.5% – Time to Sell?

Shares of Rightmove plc (LON:RMV) fell 12.5% during trading on Saturday . The company traded as low as GBX 474.50 and last traded at GBX 573.69. 24,167,318 shares changed hands during trading, an increase of 367% from the average session volume of 5,171,865 shares. The stock had previously closed at GBX 655.40.

Analyst Upgrades and Downgrades

RMV has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Rightmove in a report on Friday, October 10th. Berenberg Bank boosted their price target on Rightmove from GBX 795 to GBX 850 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Royal Bank Of Canada raised their price objective on Rightmove from GBX 750 to GBX 805 and gave the company a “sector perform” rating in a research note on Monday, July 28th. Peel Hunt reiterated a “buy” rating and set a GBX 885 target price on shares of Rightmove in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 815 target price on shares of Rightmove in a report on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Rightmove has a consensus rating of “Hold” and an average target price of GBX 796.40.

Rightmove Stock Performance

The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. The firm has a market capitalization of £4.40 billion, a PE ratio of 22.07, a PEG ratio of 2.58 and a beta of 1.05. The stock’s 50 day moving average price is GBX 697.98 and its two-hundred day moving average price is GBX 744.39.

Rightmove Company Profile

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.