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

Rightmove plc (LON:RMV) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 607.39 ($7.58) and traded as high as GBX 643.80 ($8.03). Rightmove shares last traded at GBX 638 ($7.96), with a volume of 2,906,284 shares changing hands.

Analyst Ratings Changes

Several research firms have issued reports on RMV. Berenberg Bank reissued a “buy” rating and issued a GBX 775 ($9.67) price objective 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 restated a “buy” rating on shares of Rightmove in a report on Friday, November 8th.

Rightmove Trading Down 0.2 %

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 has a market capitalization of £5.00 billion, a P/E ratio of 2,543.20, a PEG ratio of 2.58 and a beta of 1.05. The company’s fifty day simple moving average is GBX 636.87 and its 200-day simple moving average is GBX 607.39.

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.