Rightmove (LON:RMV) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Rightmove plc (LON:RMV)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 622.95 ($7.73) and traded as high as GBX 678.20 ($8.41). Rightmove shares last traded at GBX 667 ($8.27), with a volume of 5,700,868 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RMV. Shore Capital reiterated a “buy” rating on shares of Rightmove in a research report on Friday, November 8th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a report on Thursday, December 5th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 775 ($9.61) price objective on shares of Rightmove in a report on Friday, November 8th.

Rightmove Price Performance

The stock has a market cap of £5.24 billion, a P/E ratio of 2,668.00, 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 655.19 and a 200-day moving average price of GBX 622.95.

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.