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

Shares of Rightmove plc (LON:RMV) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 627.77 ($7.90) and traded as high as GBX 674.40 ($8.49). Rightmove shares last traded at GBX 673.80 ($8.48), with a volume of 398,092 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RMV shares. Shore Capital reiterated a “buy” rating on shares of Rightmove in a report on Friday, November 8th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Rightmove in a report on Thursday, December 5th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 775 ($9.75) price target on shares of Rightmove in a report on Friday, November 8th.

Rightmove Stock Down 0.8 %

The business has a 50 day moving average of GBX 656.22 and a 200 day moving average of GBX 629.02. 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 firm has a market capitalization of £5.11 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05.

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.