Rightmove (LON:RMV) Share Price Passes Above 200-Day Moving Average of $548.68

Rightmove plc (LON:RMVGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 548.68 ($7.03) and traded as high as GBX 560.20 ($7.18). Rightmove shares last traded at GBX 557.80 ($7.15), with a volume of 2,207,211 shares traded.

Analyst Ratings Changes

A number of equities research analysts have commented on RMV shares. Shore Capital reissued a “buy” rating on shares of Rightmove in a report on Monday, March 4th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 483 ($6.19) price objective on shares of Rightmove in a report on Friday, May 3rd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 650 ($8.33) target price on shares of Rightmove in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 602.67 ($7.72).

Read Our Latest Stock Analysis on RMV

Rightmove Stock Up 0.4 %

The firm has a market capitalization of £4.45 billion, a price-to-earnings ratio of 2,324.17, a P/E/G ratio of 2.58 and a beta of 0.95. The business’s 50-day moving average is GBX 536.17 and its two-hundred day moving average is GBX 548.68. The company has a debt-to-equity ratio of 10.67, a quick ratio of 2.55 and a current ratio of 2.41.

Insiders Place Their Bets

In other Rightmove news, insider Alison Dolan sold 25,257 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of GBX 568 ($7.28), for a total transaction of £143,459.76 ($183,804.95). Corporate insiders own 0.41% of the company’s stock.

About Rightmove

(Get Free Report)

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.

Further Reading

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