Rightmove (LON:RMV) Stock Passes Above Two Hundred Day Moving Average of $555.26

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Rightmove Plc (LON:RMV) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $555.26 and traded as high as $627.60. Rightmove shares last traded at $620.40, with a volume of 1,020,704 shares traded.

RMV has been the topic of several recent research reports. Deutsche Bank reiterated a “hold” rating on shares of Rightmove in a research report on Tuesday, October 22nd. Shore Capital downgraded shares of Rightmove to a “sell” rating in a research report on Friday, November 1st. Peel Hunt reaffirmed a “reduce” rating and set a GBX 450 ($5.88) target price on shares of Rightmove in a research note on Friday, November 22nd. Peel Hunt reaffirmed a “reduce” rating and set a GBX 450 ($5.88) target price on shares of Rightmove in a research note on Friday, November 22nd. Finally, Liberum Capital reaffirmed a “hold” rating on shares of Rightmove in a research note on Thursday, September 26th. Six equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and an average price target of GBX 1,739 ($22.72).

The firm has a market capitalization of $5.49 billion and a PE ratio of 33.00. The business’s 50 day simple moving average is GBX 590.61 and its 200 day simple moving average is GBX 555.26. The company has a current ratio of 1.94, a quick ratio of 1.81 and a debt-to-equity ratio of 26.58.

In other Rightmove news, insider Peter Brooks-Johnson sold 254,510 shares of Rightmove stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of GBX 542 ($7.08), for a total value of £1,379,444.20 ($1,802,488.17).

Rightmove Company Profile (LON:RMV)

Rightmove plc operates property portal in the United Kingdom. The company operates through Agency, New Homes, and Other segments. The Agency segment offers resale and lettings property advertising services on its platforms. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.

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