Rightmove (LON:RMV) Stock Passes Above 200-Day Moving Average – Time to Sell?

Rightmove plc (LON:RMV) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 610.68 ($7.43) and traded as high as GBX 633.40 ($7.71). Rightmove shares last traded at GBX 627 ($7.63), with a volume of 7,119,830 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 775 ($9.43) price objective on shares of Rightmove in a research report on Friday, November 8th. Shore Capital reissued a “buy” rating on shares of Rightmove in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Rightmove in a report on Thursday, December 5th.

Rightmove Price Performance

The stock has a market capitalization of £5.17 billion, a P/E ratio of 2,628.80, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83. The firm has a 50-day moving average price of GBX 642.58 and a 200 day moving average price of GBX 611.64.

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.