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

Rightmove plc (LON:RMV)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 651.74 ($8.44) and traded as high as GBX 688 ($8.90). Rightmove shares last traded at GBX 687.80 ($8.90), with a volume of 166,164,453 shares trading hands.

Analyst Ratings Changes

Several research analysts have commented on RMV shares. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Rightmove in a report on Wednesday, March 12th. Royal Bank of Canada boosted their target price on shares of Rightmove from GBX 630 ($8.15) to GBX 750 ($9.71) and gave the stock a “sector perform” rating in a research note on Monday, March 3rd.

Rightmove Price Performance

The stock’s 50-day moving average is GBX 669.65 and its 200 day moving average is GBX 651.99. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83. The stock has a market capitalization of £5.35 billion, a PE ratio of 27.55, a P/E/G ratio of 2.58 and a beta of 1.05.

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

Rightmove Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be issued a dividend of GBX 6.10 ($0.08) per share. The ex-dividend date is Thursday, April 24th. This represents a dividend yield of 0.9%. This is a positive change from Rightmove’s previous dividend of $3.70. Rightmove’s dividend payout ratio (DPR) is currently 36.10%.

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.