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

Rightmove plc (LON:RMV) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 646.68 ($8.41) and traded as high as GBX 681.60 ($8.87). Rightmove shares last traded at GBX 676.20 ($8.80), with a volume of 1,379,432 shares trading hands.

Analysts Set New Price Targets

RMV has been the topic of several recent analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Rightmove in a research note on Wednesday, March 12th. Royal Bank of Canada increased their target price on Rightmove from GBX 630 ($8.20) to GBX 750 ($9.76) and gave the company a “sector perform” rating in a research note on Monday, March 3rd.

Rightmove Trading Down 0.1 %

The stock has a fifty day moving average of GBX 662.69 and a 200 day moving average of GBX 646.68. The company has a market capitalization of £5.27 billion, a P/E ratio of 27.12, a PEG ratio of 2.58 and a beta of 1.05. 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 (LON:RMV) last announced its earnings results on Friday, February 28th. The company reported GBX 12.80 ($0.17) EPS for the quarter. Rightmove had a return on equity of 293.54% and a net margin of 52.69%. As a group, equities research analysts anticipate that Rightmove plc will post 30.2327791 EPS for the current fiscal year.

Rightmove Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be issued a GBX 6.10 ($0.08) dividend. This is a boost from Rightmove’s previous dividend of $3.70. This represents a yield of 0.9%. The ex-dividend date of this dividend is Thursday, April 24th. Rightmove’s dividend payout ratio (DPR) is currently 36.10%.

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.