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

Rightmove plc (LON:RMV)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 618.82 ($7.67) and traded as high as GBX 669.40 ($8.30). Rightmove shares last traded at GBX 665.40 ($8.25), with a volume of 967,256 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Shore Capital reaffirmed a “buy” rating on shares of Rightmove in a research report on Friday, November 8th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a research note on Thursday, December 5th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 775 ($9.60) target price on shares of Rightmove in a research note on Friday, November 8th.

Rightmove Stock Up 0.6 %

The firm has a 50-day moving average price of GBX 652.42 and a two-hundred day moving average price of GBX 619.17. The company has a market capitalization of £5.26 billion, a P/E ratio of 2,677.60, a PEG ratio of 2.58 and a beta of 1.05. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15.

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.