Rightmove (LON:RMV) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Rightmove plc (LON:RMV) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 445.23 and traded as high as GBX 507.80. Rightmove shares last traded at GBX 498.40, with a volume of 3,377,398 shares.

Analyst Upgrades and Downgrades

RMV has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Rightmove from GBX 455 to GBX 486 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 665 price objective on shares of Rightmove in a report on Monday, August 3rd. JPMorgan Chase & Co. boosted their target price on Rightmove from GBX 404 to GBX 429 and gave the company an “underweight” rating in a research report on Monday, August 3rd. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 465 price target on shares of Rightmove in a report on Friday, July 31st. Finally, Berenberg Bank restated a “buy” rating and set a GBX 575 price objective on shares of Rightmove in a report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 595.12.

Rightmove Stock Up 1.2%

The company has a debt-to-equity ratio of 7.35, a current ratio of 1.53 and a quick ratio of 2.55. The stock has a fifty day moving average price of GBX 469.99 and a two-hundred day moving average price of GBX 445.62. The company has a market cap of £3.65 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 2.58 and a beta of 0.90.

Rightmove (LON:RMV) last announced its quarterly earnings results on Friday, July 31st. The company reported GBX 15.60 earnings per share (EPS) for the quarter. Rightmove had a return on equity of 281.32% and a net margin of 49.72%. On average, research analysts expect that Rightmove plc will post 30.2327791 EPS for the current year.

Rightmove declared that its Board of Directors has authorized a stock repurchase plan on Friday, July 31st that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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. 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.