Rightmove (LON:RMV) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Rightmove plc (LON:RMV) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 748.63 ($10.04) and traded as low as GBX 665.40 ($8.92). Rightmove shares last traded at GBX 665.40 ($8.92), with a volume of 1,592,056 shares.

Analyst Ratings Changes

Several equities analysts recently issued reports on RMV shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 815 price objective on shares of Rightmove in a report on Monday, July 28th. Berenberg Bank boosted their price target on Rightmove from GBX 795 to GBX 850 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Royal Bank Of Canada boosted their price target on Rightmove from GBX 750 to GBX 805 and gave the stock a “sector perform” rating in a report on Monday, July 28th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Rightmove in a report on Friday, October 10th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 840 price target on shares of Rightmove in a report on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 787.40.

Rightmove Price Performance

The stock has a market capitalization of £5.13 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The company has a 50 day moving average of GBX 726.02 and a 200 day moving average of GBX 748.63. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15.

Rightmove (LON:RMV) last released its earnings results on Friday, July 25th. The company reported GBX 14.70 EPS for the quarter. Rightmove had a return on equity of 293.54% and a net margin of 52.69%. As a group, equities research analysts forecast that Rightmove plc will post 30.2327791 EPS for the current fiscal year.

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.