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

Rightmove plc (LON:RMV) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 640.25 ($8.30) and traded as high as GBX 695.60 ($9.02). Rightmove shares last traded at GBX 680 ($8.82), with a volume of 3,361,190 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RMV. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Rightmove in a research note on Wednesday. Royal Bank of Canada lifted their target price on Rightmove from GBX 630 ($8.17) to GBX 750 ($9.73) and gave the company a “sector perform” rating in a research report on Monday, March 3rd.

Rightmove Stock Down 1.3 %

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 stock has a market cap of £5.17 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 2.58 and a beta of 1.05. The business’s fifty day moving average is GBX 659.05 and its two-hundred day moving average is GBX 642.02.

Rightmove (LON:RMV) last announced its quarterly earnings data on Friday, February 28th. The company reported GBX 12.80 ($0.17) earnings per share for the quarter. Rightmove had a net margin of 52.69% and a return on equity of 293.54%. Equities analysts forecast that Rightmove plc will post 30.2327791 earnings per share for the current fiscal year.

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.