Rightmove (LON:RMV) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Rightmove plc (LON:RMV)’s share price crossed 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.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Shore Capital reiterated a “buy” rating on shares of Rightmove in a research note on Friday, November 8th. 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. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Rightmove in a report on Thursday, December 5th.

Rightmove Price Performance

The business has a 50-day moving average price of GBX 642.58 and a two-hundred day moving average price of GBX 611.64. 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 company has a market capitalization of £5.17 billion, a price-to-earnings ratio of 2,628.80, a price-to-earnings-growth 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.