Rightmove (LON:RMV) Shares Cross Above 200-Day Moving Average – Should You Sell?

Shares of Rightmove plc (LON:RMV) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 579.15 ($7.30) and traded as high as GBX 610.20 ($7.69). Rightmove shares last traded at GBX 603.80 ($7.61), with a volume of 1,778,576 shares traded.

Analyst Upgrades and Downgrades

RMV has been the topic of several recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 775 ($9.77) price target on shares of Rightmove in a research note on Friday, November 8th. Shore Capital reiterated a “buy” rating on shares of Rightmove in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 644.33 ($8.12).

Rightmove Price Performance

The company has a fifty day moving average of GBX 637.11 and a 200-day moving average of GBX 579.59. The stock has a market cap of £4.75 billion, a PE ratio of 2,415.20, a P/E/G ratio of 2.58 and a beta of 1.05. The company has a current ratio of 1.83, a quick ratio of 2.55 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.