Rightmove (LON:RMV) Stock Price Passes Above 200 Day Moving Average of $548.70

Rightmove plc (LON:RMV) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 548.70 ($7.13) and traded as high as GBX 560.80 ($7.29). Rightmove shares last traded at GBX 560.80 ($7.29), with a volume of 998,047 shares changing hands.

Analyst Ratings Changes

A number of analysts have commented on RMV shares. Shore Capital reaffirmed a “buy” rating on shares of Rightmove in a report on Wednesday, August 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 650 ($8.45) price objective on shares of Rightmove in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 483 ($6.28) target price on shares of Rightmove in a research note on Thursday, June 6th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Rightmove has an average rating of “Hold” and a consensus target price of GBX 602.67 ($7.83).

Rightmove Trading Up 1.1 %

The company has a market capitalization of £4.43 billion, a P/E ratio of 2,243.20, a PEG ratio of 2.58 and a beta of 1.05. The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55. The business’s 50-day moving average price is GBX 552.52 and its two-hundred day moving average price is GBX 548.70.

Rightmove Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be issued a dividend of GBX 3.70 ($0.05) per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a yield of 0.65%. Rightmove’s dividend payout ratio is presently 3,600.00%.

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.