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

Rightmove plc (LON:RMV) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 452.34 and traded as low as GBX 450.60. Rightmove shares last traded at GBX 457.72, with a volume of 2,850,931 shares.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RMV shares. Citigroup decreased their price objective on Rightmove from GBX 520 to GBX 455 and set a “neutral” rating for the company in a research note on Thursday, April 9th. JPMorgan Chase & Co. cut their target price on shares of Rightmove from GBX 489 to GBX 404 and set an “underweight” rating on the stock in a research note on Tuesday, June 16th. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 481 target price on shares of Rightmove in a report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 633.12.

Rightmove Trading Down 0.5%

The company has a 50-day moving average price of GBX 430.56 and a 200-day moving average price of GBX 451.11. The firm has a market capitalization of £3.25 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 2.58 and a beta of 0.90. The company has a debt-to-equity ratio of 8.73, a quick ratio of 2.55 and a current ratio of 1.89.

Insider Activity at Rightmove

In related news, insider Amanda James purchased 6,016 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of GBX 413 per share, for a total transaction of £24,846.08. Also, insider Lorna Tilbian purchased 3,600 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was bought at an average price of GBX 403 per share, for a total transaction of £14,508. 0.37% of the stock is owned by insiders.

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. The segment also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.