Rightmove (LON:RMV) Sets New 52-Week High – Here’s Why

Shares of Rightmove plc (LON:RMV) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 786.40 ($10.65) and last traded at GBX 785.20 ($10.63), with a volume of 3453761 shares trading hands. The stock had previously closed at GBX 775.20 ($10.50).

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Rightmove from GBX 630 ($8.53) to GBX 750 ($10.15) and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Rightmove in a research note on Wednesday, March 12th.

Rightmove Trading Up 1.3%

The firm has a 50-day moving average of GBX 751.67 and a 200 day moving average of GBX 696.61. 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 stock has a market capitalization of £6.12 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 2.58 and a beta of 1.05.

About Rightmove

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.