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

Rightmove plc (LON:RMV) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 518.93 and traded as low as GBX 450.30. Rightmove shares last traded at GBX 458.20, with a volume of 155,409,016 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Rightmove from GBX 521 to GBX 489 and set an “underweight” rating on the stock in a report on Thursday, March 19th. Citigroup decreased their price objective on Rightmove from GBX 520 to GBX 455 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Rightmove has an average rating of “Hold” and an average target price of GBX 667.

Rightmove Stock Down 1.4%

The company has a debt-to-equity ratio of 13.13, a current ratio of 1.89 and a quick ratio of 2.55. The business has a 50 day simple moving average of GBX 436.88 and a 200 day simple moving average of GBX 516.69. The company has a market capitalization of £3.37 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 2.58 and a beta of 0.92.

Rightmove (LON:RMV) last released its quarterly earnings results on Friday, February 27th. The company reported GBX 29.10 EPS for the quarter. Rightmove had a return on equity of 264.68% and a net margin of 51.06%. As a group, equities analysts predict that Rightmove plc will post 30.2327791 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Johan Svanström purchased 4,328 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of GBX 461 per share, for a total transaction of £19,952.08. Also, insider Ruaridh Hook purchased 2,077 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were purchased at an average price of GBX 457 per share, for a total transaction of £9,491.89. 0.37% of the stock is owned by corporate insiders.

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.