Rightmove (LON:RMV) Stock Breaks Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Rightmove shares broke above their 200-day moving average, reaching GBX 534.80 before closing at GBX 516.20, compared with the 200-day average of GBX 454.45.
• Analyst sentiment is mixed: the stock has an overall “Hold” rating and an average price target of GBX 595.12, with targets ranging from GBX 429 to GBX 665.
• Rightmove reported quarterly EPS of GBX 15.60, a 49.72% net margin and 281.32% return on equity; analysts expect full-year EPS of GBX 30.23. The reported buyback authorization allows the company to repurchase zero shares.

Rightmove plc (LON:RMV - Get Free Report) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 454.45 and traded as high as GBX 534.80. Rightmove shares last traded at GBX 516.20, with a volume of 402,833,938 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently commented on RMV shares. Jefferies Financial Group reiterated a "hold" rating and set a GBX 465 target price on shares of Rightmove in a research report on Tuesday, September 8th. JPMorgan Chase & Co. upped their price target on shares of Rightmove from GBX 404 to GBX 429 and gave the company an "underweight" rating in a research report on Monday, August 3rd. Berenberg Bank restated a "buy" rating and issued a GBX 575 price target on shares of Rightmove in a research report on Monday, August 3rd. Citigroup raised their price target on shares of Rightmove from GBX 455 to GBX 486 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 665 price target on shares of Rightmove in a report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of GBX 595.12.

Rightmove Price Performance

The stock has a market capitalization of £3.74 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 2.58 and a beta of 0.94. The company has a fifty day simple moving average of GBX 486.27 and a 200 day simple moving average of GBX 454.45. The company has a debt-to-equity ratio of 7.35, a quick ratio of 2.55 and a current ratio of 1.53.

Rightmove (LON:RMV - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported GBX 15.60 EPS for the quarter. Rightmove had a return on equity of 281.32% and a net margin of 49.72%. Equities research analysts forecast that Rightmove plc will post 30.23 EPS for the current fiscal year.

Rightmove declared that its board has approved a share buyback program on Friday, July 31st that authorizes the company to buy back 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Share repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

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.

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