Rightmove (LON:RMV) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Rightmove plc (LON:RMV)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 631.53 ($8.00) and traded as high as GBX 660.20 ($8.37). Rightmove shares last traded at GBX 656 ($8.31), with a volume of 641,010 shares traded.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a research note on Thursday, December 5th. Berenberg Bank restated a “buy” rating and issued a GBX 775 ($9.82) price target on shares of Rightmove in a research note on Friday, November 8th. Finally, Shore Capital restated a “buy” rating on shares of Rightmove in a research note on Friday, November 8th.

Rightmove Price Performance

The company has a market cap of £5.14 billion, a PE ratio of 26.46, a P/E/G 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. The firm has a 50 day moving average of GBX 654.33 and a two-hundred day moving average of GBX 631.53.

About Rightmove

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.