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

Rightmove logo with Communication Services background

Rightmove plc (LON:RMV - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 610.68 ($7.47) and traded as high as GBX 633.40 ($7.75). Rightmove shares last traded at GBX 627 ($7.67), with a volume of 7,119,830 shares.

Wall Street Analyst Weigh In

RMV has been the topic of a number of research analyst reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 775 ($9.48) price target on shares of Rightmove in a report on Friday, November 8th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Rightmove in a report on Thursday, December 5th. Finally, Shore Capital restated a "buy" rating on shares of Rightmove in a report on Friday, November 8th.

Check Out Our Latest Stock Report on Rightmove

Rightmove Stock Up 4.3 %

The company's 50-day simple moving average is GBX 641.44 and its 200 day simple moving average is GBX 611.32. The company has a debt-to-equity ratio of 10.15, a current ratio of 1.83 and a quick ratio of 2.55. The firm has a market cap of £5.14 billion, a P/E ratio of 2,616.00, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05.

About Rightmove

(Get Free Report)

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.

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