Rightmove (LON:RMV) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Rightmove plc (LON:RMV)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 448.97 and traded as low as GBX 436.10. Rightmove shares last traded at GBX 449.30, with a volume of 3,349,599 shares trading hands.

Analysts Set New Price Targets

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

Rightmove Stock Down 1.0%

The company has a quick ratio of 2.55, a current ratio of 1.89 and a debt-to-equity ratio of 8.73. The stock has a market capitalization of £3.36 billion, a P/E ratio of 16.11, a PEG ratio of 2.58 and a beta of 0.90. The firm has a 50 day simple moving average of GBX 431.40 and a two-hundred day simple moving average of GBX 448.50.

Insider Buying and Selling

In related news, insider Amanda James purchased 6,016 shares of the stock in a transaction dated Thursday, May 21st. The stock was 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 dated Friday, May 22nd. The stock was purchased at an average price of GBX 403 per share, with a total value of £14,508. Company insiders own 0.37% of the company’s stock.

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.