Rightmove (LON:RMV) Shares Pass Above 200-Day Moving Average – Time to 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 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.

Analyst Upgrades and Downgrades

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

Rightmove Stock Performance

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 firm has a 50 day moving average of GBX 651.42 and a two-hundred day moving average of GBX 618.82. The stock has a market cap of £5.23 billion, a P/E ratio of 2,661.60, a P/E/G ratio of 2.58 and a beta of 1.05.

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.