Rightmove (LON:RMV) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Rightmove plc (LON:RMV) 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 changing hands.

Analyst Upgrades and Downgrades

RMV has been the topic of a number of recent research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Rightmove in a research note on Thursday, December 5th. Shore Capital reaffirmed a “buy” rating on shares of Rightmove in a report on Friday, November 8th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 775 ($9.49) price objective on shares of Rightmove in a research note on Friday, November 8th.

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 £5.01 billion, a PE ratio of 2,551.20, 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 640.35 and its 200 day simple moving average is GBX 610.68.

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.