Rightmove (LON:RMV) Share Price Passes Above 200 Day Moving Average – Here’s Why

by · The Markets Daily

Rightmove plc (LON:RMV – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 610.68 ($7.43) and traded as high as GBX 633.40 ($7.71). Rightmove shares last traded at GBX 627 ($7.63), with a volume of 7,119,830 shares traded.

Wall Street Analyst Weigh In

Several research firms have issued reports on RMV. Shore Capital restated a “buy” rating on shares of Rightmove in a research report on Friday, November 8th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a report on Thursday, December 5th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 775 ($9.43) price target on shares of Rightmove in a research note on Friday, November 8th.

View Our Latest Stock Report on Rightmove

Rightmove Stock Up 0.5 %

The firm has a market cap of £5.17 billion, a PE ratio of 2,628.80, 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. The company’s 50-day simple moving average is GBX 642.58 and its two-hundred day simple moving average is GBX 611.64.

About Rightmove

(Get Free Report)

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.

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