Rightmove (LON:RMV) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Rightmove plc (LON:RMV) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 610.68 ($7.47) and traded as high as GBX 633.40 ($7.75). Rightmove shares last traded at GBX 627 ($7.67), with a volume of 7,119,830 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Shore Capital restated a “buy” rating 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 report on Thursday, December 5th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 775 ($9.49) price target on shares of Rightmove in a research note on Friday, November 8th.

Rightmove Stock Performance

The firm’s 50 day simple moving average is GBX 640.35 and its 200 day simple moving average is GBX 610.68. The firm has a market cap of £5.01 billion, a PE ratio of 2,551.20, a PEG ratio of 2.58 and a beta of 1.05. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15.

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.