Rightmove (LON:RMV) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Rightmove plc (LON:RMV)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 598.57 ($7.52) and traded as high as GBX 657.20 ($8.26). Rightmove shares last traded at GBX 656 ($8.24), with a volume of 3,419,340 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RMV shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 775 ($9.74) price target on shares of Rightmove in a report on Friday, November 8th. Shore Capital reaffirmed a “buy” rating on shares of Rightmove in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Rightmove in a report on Thursday, December 5th.

Rightmove Stock Up 0.3 %

The firm has a market capitalization of £5.16 billion, a PE ratio of 2,624.00, a P/E/G ratio of 2.58 and a beta of 1.05. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15. The firm’s 50 day moving average price is GBX 632.74 and its two-hundred day moving average price is GBX 598.57.

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.