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

Rightmove plc (LON:RMV)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 444.45 and traded as high as GBX 487.90. Rightmove shares last traded at GBX 487.90, with a volume of 119,161,695 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RMV. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 465 target price on shares of Rightmove in a research note on Friday. JPMorgan Chase & Co. lowered their price target on Rightmove from GBX 489 to GBX 404 and set an “underweight” rating for the company in a report on Tuesday, June 16th. UBS Group restated a “neutral” rating and issued a GBX 481 price target on shares of Rightmove in a report on Tuesday, May 5th. Finally, Citigroup cut their price objective on shares of Rightmove from GBX 520 to GBX 455 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Rightmove currently has an average rating of “Hold” and a consensus price target of GBX 607.14.

Rightmove Price Performance

The company has a market capitalization of £3.46 billion, a PE ratio of 16.59, a PEG ratio of 2.58 and a beta of 0.90. The company has a current ratio of 1.89, a quick ratio of 2.55 and a debt-to-equity ratio of 8.73. The company’s 50 day moving average price is GBX 439.33 and its 200-day moving average price is GBX 444.12.

Rightmove (LON:RMV) last issued its earnings results on Friday, July 31st. The company reported GBX 15.60 earnings per share for the quarter. Rightmove had a return on equity of 264.68% and a net margin of 51.06%. On average, sell-side analysts forecast that Rightmove plc will post 30.2327791 earnings per share for the current fiscal year.

Insider Transactions at Rightmove

In other news, insider Amanda James bought 6,016 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was acquired at an average price of GBX 413 per share, for a total transaction of £24,846.08. Also, insider Lorna Tilbian bought 3,600 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of GBX 403 per share, with a total value of £14,508. Company insiders own 0.37% of the company’s stock.

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.