Rightmove (LON:RMV) Shares Pass Above 200 Day Moving Average – What’s Next?

Rightmove plc (LON:RMV) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 610.68 ($7.43) and traded as high as GBX 633.40 ($7.71). Rightmove shares last traded at GBX 627 ($7.63), with a volume of 7,119,830 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Shore Capital reissued a “buy” rating on shares of Rightmove in a report on Friday, November 8th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Rightmove in a report on Thursday, December 5th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 775 ($9.43) price objective on shares of Rightmove in a research note on Friday, November 8th.

Rightmove Stock Up 0.5 %

The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. The firm has a market capitalization of £5.17 billion, a P/E ratio of 2,628.80, a P/E/G ratio of 2.58 and a beta of 1.05. The stock’s 50-day simple moving average is GBX 642.58 and its 200-day simple moving average is GBX 611.64.

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.