Rightmove (LON:RMV) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Rightmove plc (LON:RMV)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 610.68 ($7.47) and traded as high as GBX 633.40 ($7.75). Rightmove shares last traded at GBX 627 ($7.67), with a volume of 7,119,830 shares.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RMV shares. Shore Capital reissued a “buy” rating on shares of Rightmove in a research report on Friday, November 8th. Berenberg Bank reiterated a “buy” rating and set a GBX 775 ($9.49) price objective on shares of Rightmove in a research 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 Stock Performance

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 stock has a fifty day simple moving average of GBX 640.35 and a two-hundred day simple moving average of GBX 610.68. The firm has a market capitalization of £5.01 billion, a P/E ratio of 2,551.20, a P/E/G ratio of 2.58 and a beta of 1.05.

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.