Rightmove (LON:RMV) Stock Crosses Below 200 Day Moving Average – What’s Next?

Rightmove plc (LON:RMV) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 580.59 and traded as low as GBX 449.80. Rightmove shares last traded at GBX 453.20, with a volume of 300,672,969 shares traded.

Analyst Ratings Changes

Several brokerages recently issued reports on RMV. Jefferies Financial Group cut their price target on shares of Rightmove from GBX 485 to GBX 465 and set an “underperform” rating for the company in a report on Tuesday, November 25th. JPMorgan Chase & Co. upped their price objective on shares of Rightmove from GBX 500 to GBX 527 and gave the stock an “underweight” rating in a research note on Wednesday, December 3rd. Four investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 708.67.

Rightmove Trading Up 0.6%

The business has a 50 day simple moving average of GBX 470.99 and a 200 day simple moving average of GBX 577.54. The company has a debt-to-equity ratio of 13.13, a current ratio of 1.89 and a quick ratio of 2.55. The company has a market cap of £3.48 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 2.58 and a beta of 0.99.

Rightmove (LON:RMV) last announced its earnings results on Friday, February 27th. The company reported GBX 29.10 earnings per share for the quarter. Rightmove had a return on equity of 264.68% and a net margin of 51.06%. As a group, equities analysts forecast that Rightmove plc will post 30.2327791 EPS for the current 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. The segment also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.