Rightmove (LON:RMV) Stock Passes Above 200-Day Moving Average of $554.87

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Shares of Rightmove Plc (LON:RMV) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $554.87 and traded as high as $630.40. Rightmove shares last traded at $626.80, with a volume of 2,146,100 shares traded.

Several brokerages have weighed in on RMV. UBS Group boosted their price objective on Rightmove from GBX 500 ($6.53) to GBX 545 ($7.12) and gave the stock a “neutral” rating in a research note on Friday, July 10th. Shore Capital reissued a “sell” rating on shares of Rightmove in a research note on Friday, July 31st. Barclays boosted their price objective on Rightmove from GBX 450 ($5.88) to GBX 525 ($6.86) and gave the stock an “underweight” rating in a research note on Thursday, September 3rd. Morgan Stanley reduced their price objective on Rightmove from GBX 500 ($6.53) to GBX 490 ($6.40) and set an “equal weight” rating on the stock in a research note on Friday, June 26th. Finally, Liberum Capital reissued a “hold” rating on shares of Rightmove in a research note on Wednesday, July 15th. Seven investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Rightmove currently has an average rating of “Hold” and an average target price of GBX 511.07 ($6.68).

The company’s 50 day moving average is GBX 622.51 and its 200 day moving average is GBX 555.32. The company has a current ratio of 2.35, a quick ratio of 2.20 and a debt-to-equity ratio of 18.96. The stock has a market capitalization of $5.72 billion and a price-to-earnings ratio of 42.53.

In related news, insider Peter Brooks-Johnson sold 42,490 shares of Rightmove stock in a transaction on Monday, September 14th. The shares were sold at an average price of GBX 615 ($8.04), for a total transaction of £261,313.50 ($341,452.37).

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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