Rightmove PLC (LON:RMV) Share Price
Name: Rightmove PLC (LON:RMV)
Description: Today's Rightmove PLC (LON:RMV) share price is 552.2p (as of 01/12/2023 17:45) which is a change of 7.6 or 1.4% from the last closing price of 552.2 with 3,395,281 shares traded giving Rightmove PLC (LON:RMV) a market capitalisation of £4,431,947,358. The most recent daily high has been 553.8 and daily low 544.6. The Rightmove PLC (LON:RMV) share price 52 week high has been 615.4 and the 52 week low 457.7. Based on the most recent Rightmove PLC (LON:RMV) share price opening of 552.2, the current Rightmove PLC (LON:RMV) EPS (earnings per share) are 0.24 and the PE (price earnings ratio) is 23.2.
Summary
Rightmove (LON:RMV) is an exceptional company. The owner of rightmove.co.uk, it benefits from a very strong brand and high market share, and is one of the most profitable companies in the FTSE 100 index. Recently, the Rightmove share price has come down due to concerns over rising competition. As a result, the company’s valuation is a bit lower than usual. For long-term investors, this could be an opportunity. 20/11/23
Pros
- Strong brand
- High market share
- Very profitable company
Cons
- Above-average valuation
- Increasing levels of competition
- Vulnerable to technological disruption
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Outlook
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