Rightmove (LON:RMV) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Rightmove plc (LON:RMV) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 651.74 ($8.44) and traded as high as GBX 688 ($8.91). Rightmove shares last traded at GBX 687.80 ($8.90), with a volume of 166,164,453 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently weighed in on RMV. Royal Bank of Canada boosted their price objective on shares of Rightmove from GBX 630 ($8.16) to GBX 750 ($9.71) and gave the stock a “sector perform” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a research note on Wednesday, March 12th.

Rightmove Trading Up 0.1 %

The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55. The stock’s 50-day moving average is GBX 669.06 and its two-hundred day moving average is GBX 651.74. The company has a market cap of £5.36 billion, a P/E ratio of 27.59, a P/E/G ratio of 2.58 and a beta of 1.05.

Rightmove (LON:RMV) last announced its earnings results on Friday, February 28th. The company reported GBX 12.80 ($0.17) earnings per share for the quarter. Rightmove had a net margin of 52.69% and a return on equity of 293.54%. As a group, equities research analysts predict that Rightmove plc will post 30.2327791 earnings per share for the current fiscal year.

Rightmove Increases Dividend

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

About Rightmove

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.