Rightmove (LON:RMV) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Rightmove plc (LON:RMV)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 607.39 ($7.47) and traded as high as GBX 643.80 ($7.92). Rightmove shares last traded at GBX 638 ($7.85), with a volume of 2,906,284 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a research report on Thursday, December 5th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 775 ($9.54) target price on shares of Rightmove in a research report on Friday, November 8th. Finally, Shore Capital reiterated a “buy” rating on shares of Rightmove in a research report on Friday, November 8th.

Rightmove Stock Performance

The stock has a market capitalization of £5.05 billion, a price-to-earnings ratio of 2,570.40, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The company has a 50 day simple moving average of GBX 637.09 and a 200-day simple moving average of GBX 607.89. 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 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.