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

Rightmove plc (LON:RMV)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 568.65 ($7.43) and traded as high as GBX 644.20 ($8.41). Rightmove shares last traded at GBX 644.20 ($8.41), with a volume of 900,090 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RMV shares. Shore Capital reissued a “buy” rating on shares of Rightmove in a research report on Monday, September 2nd. Berenberg Bank reissued a “buy” rating and set a GBX 650 ($8.49) price target on shares of Rightmove in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 602.67 ($7.87).

Rightmove Price Performance

The company has a market cap of £5.03 billion, a price-to-earnings ratio of 2,557.60, a P/E/G ratio of 2.58 and a beta of 1.05. The company’s 50 day moving average price is GBX 612.68 and its 200 day moving average price is GBX 569.27. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83.

Rightmove Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be paid a GBX 3.70 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a dividend yield of 0.65%. Rightmove’s dividend payout ratio (DPR) is presently 3,600.00%.

About Rightmove

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.