Rightmove (LON:RMV) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Rightmove plc (LON:RMV) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 618.82 ($7.69) and traded as high as GBX 669.40 ($8.31). Rightmove shares last traded at GBX 665.40 ($8.26), with a volume of 967,256 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on RMV shares. Berenberg Bank reissued a “buy” rating and issued a GBX 775 ($9.62) target price on shares of Rightmove in a research report on Friday, November 8th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Rightmove in a research note on Thursday, December 5th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Rightmove in a research report on Friday, November 8th.

Rightmove Price Performance

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 stock has a market capitalization of £5.23 billion, a PE ratio of 2,661.60, a P/E/G ratio of 2.58 and a beta of 1.05. The stock’s 50-day moving average is GBX 651.42 and its 200 day moving average is GBX 618.82.

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.