Rightmove (LON:RMV) Shares Pass 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 Tuesday . The stock has a two hundred day moving average of GBX 607.39 ($7.47) and traded as high as GBX 643.80 ($7.92). Rightmove shares last traded at GBX 638 ($7.85), with a volume of 2,906,284 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on RMV. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a report on Thursday, December 5th. Berenberg Bank restated a “buy” rating and set a GBX 775 ($9.54) price target on shares of Rightmove in a report on Friday, November 8th. Finally, Shore Capital reissued a “buy” rating on shares of Rightmove in a research report on Friday, November 8th.

Rightmove Stock Up 2.2 %

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 market capitalization of £5.05 billion, a P/E ratio of 2,570.40, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The stock has a fifty day moving average price of GBX 637.09 and a 200 day moving average price of GBX 607.89.

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.