Rightmove (LON:RMV) Stock Passes Above 200-Day Moving Average – What’s Next?

Rightmove plc (LON:RMV) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 607.39 ($7.58) and traded as high as GBX 643.80 ($8.03). Rightmove shares last traded at GBX 638 ($7.96), with a volume of 2,906,284 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 775 ($9.67) price objective on shares of Rightmove in a research report on Friday, November 8th. Shore Capital reaffirmed a “buy” rating on shares of Rightmove in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Rightmove in a research note on Thursday, December 5th.

Rightmove Price Performance

The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. The company has a market capitalization of £5.00 billion, a PE ratio of 2,543.20, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The firm’s 50 day simple moving average is GBX 636.87 and its 200 day simple moving average is GBX 607.39.

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.