Rightmove (LON:RMV) Stock Passes Above Two Hundred Day Moving Average of $555.26

Rightmove Plc (LON:RMV)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $555.26 and traded as high as $627.60. Rightmove shares last traded at $620.40, with a volume of 1,020,704 shares traded.

Several equities research analysts have weighed in on RMV shares. Liberum Capital restated a “hold” rating on shares of Rightmove in a report on Thursday, September 26th. Shore Capital cut Rightmove to a “sell” rating in a research note on Friday, November 1st. Deutsche Bank reissued a “hold” rating on shares of Rightmove in a research report on Tuesday, October 22nd. Peel Hunt restated a “reduce” rating and set a GBX 450 ($5.88) target price on shares of Rightmove in a research note on Friday, November 22nd. Finally, Peel Hunt restated a “reduce” rating and set a GBX 450 ($5.88) target price on shares of Rightmove in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has a consensus rating of “Sell” and an average target price of GBX 496.50 ($6.49).

The firm has a market capitalization of $5.47 billion and a PE ratio of 32.97. The company’s 50-day moving average price is GBX 596.47 and its 200-day moving average price is GBX 556.88. The company has a debt-to-equity ratio of 26.58, a quick ratio of 1.81 and a current ratio of 1.94.

In other news, insider Peter Brooks-Johnson sold 254,510 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of GBX 542 ($7.08), for a total transaction of £1,379,444.20 ($1,802,488.17).

Rightmove Company Profile (LON:RMV)

Rightmove plc operates property portal in the United Kingdom. The company operates through Agency, New Homes, and Other segments. The Agency segment offers resale and lettings property advertising services on its platforms. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.

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