Rightmove (LON:RMV) Stock Crosses 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 Friday . The stock has a 200-day moving average of GBX 571.98 ($7.43) and traded as high as GBX 630.20 ($8.18). Rightmove shares last traded at GBX 618.20 ($8.03), with a volume of 1,394,056 shares.

Analysts Set New Price Targets

RMV has been the topic of a number of recent analyst reports. Shore Capital restated a “buy” rating on shares of Rightmove in a report on Monday, September 2nd. Berenberg Bank reissued a “buy” rating and issued a GBX 650 ($8.44) price target on shares of Rightmove in a research note 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, Rightmove presently has an average rating of “Hold” and a consensus target price of GBX 602.67 ($7.82).

Rightmove Price Performance

The firm has a market capitalization of £4.86 billion, a P/E ratio of 2,472.80, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The business has a fifty day moving average of GBX 622.10 and a 200-day moving average of GBX 571.98. 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 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.