Rightmove (LON:RMV) Stock Price Passes Above 200 Day Moving Average of $530.03

Rightmove Plc (LON:RMV)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $530.03 and traded as high as $530.90. Rightmove shares last traded at $527.70, with a volume of 1,396,889 shares traded.

A number of equities analysts have recently issued reports on RMV shares. Peel Hunt reiterated a “reduce” rating on shares of Rightmove in a research note on Wednesday, September 4th. Deutsche Bank restated a “hold” rating on shares of Rightmove in a research report on Friday, July 12th. Liberum Capital reaffirmed a “hold” rating on shares of Rightmove in a report on Friday, July 26th. Shore Capital reiterated a “hold” rating on shares of Rightmove in a research report on Thursday, August 1st. Finally, UBS Group reissued a “sell” rating on shares of Rightmove in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Rightmove currently has a consensus rating of “Sell” and a consensus price target of GBX 2,383.50 ($31.14).

The firm’s 50 day moving average is GBX 522.25 and its 200-day moving average is GBX 530.03. The firm has a market cap of $4.67 billion and a PE ratio of 28.07. The company has a quick ratio of 1.81, a current ratio of 1.94 and a debt-to-equity ratio of 26.58.



The company also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 3rd will be paid a GBX 2.80 ($0.04) dividend. The ex-dividend date is Thursday, October 3rd. This represents a yield of 0.56%. Rightmove’s payout ratio is currently 0.37%.

Rightmove Company Profile (LON:RMV)

Rightmove plc operates property portal in the United Kingdom. The company operates through Agency, New Homes, and Other segments. The Agency segment offers resale and lettings property advertising services on its platforms. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.

Featured Story: What is a Reverse Stock Split?

Receive News & Ratings for Rightmove Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rightmove and related companies with MarketBeat.com's FREE daily email newsletter.