Rightmove (LON:RMV) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Rightmove plc (LON:RMV)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 646.68 ($8.41) and traded as high as GBX 681.60 ($8.87). Rightmove shares last traded at GBX 676.20 ($8.80), with a volume of 1,379,432 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on RMV. Royal Bank of Canada raised their price target on Rightmove from GBX 630 ($8.20) to GBX 750 ($9.76) and gave the company a “sector perform” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a research report on Wednesday, March 12th.

Rightmove Trading Down 0.1 %

The stock has a market cap of £5.27 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The stock has a 50-day moving average price of GBX 662.69 and a two-hundred day moving average price of GBX 646.68. The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55.

Rightmove (LON:RMV) last issued its quarterly earnings data on Friday, February 28th. The company reported GBX 12.80 ($0.17) earnings per share for the quarter. Rightmove had a return on equity of 293.54% and a net margin of 52.69%. Sell-side analysts forecast that Rightmove plc will post 30.2327791 earnings per share for the current fiscal year.

Rightmove Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be given a GBX 6.10 ($0.08) dividend. The ex-dividend date is Thursday, April 24th. This represents a yield of 0.9%. This is a positive change from Rightmove’s previous dividend of $3.70. Rightmove’s dividend payout ratio (DPR) is currently 36.10%.

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.