Rightmove (LON:RMV) Share Price Passes Above 200 Day Moving Average of $550.69

Rightmove plc (LON:RMV)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 550.69 ($7.01) and traded as high as GBX 572.80 ($7.29). Rightmove shares last traded at GBX 558.60 ($7.11), with a volume of 1,872,395 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RMV. Berenberg Bank reaffirmed a “buy” rating and set a GBX 650 ($8.28) price target on shares of Rightmove in a research report on Friday, May 10th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 483 ($6.15) target price on shares of Rightmove in a research report on Thursday, June 6th. Finally, Shore Capital reiterated a “buy” rating on shares of Rightmove in a report on Monday, March 4th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 602.67 ($7.67).

Rightmove Trading Down 1.6 %

The company has a quick ratio of 2.55, a current ratio of 2.41 and a debt-to-equity ratio of 10.67. The business has a 50-day simple moving average of GBX 538.15 and a 200-day simple moving average of GBX 550.81. The company has a market cap of £4.37 billion, a PE ratio of 2,290.83, a price-to-earnings-growth ratio of 2.58 and a beta of 0.95.

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.