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Rightmove (LON:RMV) Shares Pass Above 200 Day Moving Average - Time to Sell?

Rightmove logo with Communication Services background

Key Points

  • Rightmove plc's share price crossed above its 200-day moving average, with a recent trading price of GBX 780.40 ($10.49).
  • JPMorgan Chase & Co. has reissued an "underweight" rating for Rightmove, setting a target price of GBX 625 ($8.40).
  • The company reported a net margin of 52.69% and a remarkable return on equity of 293.54% in its latest earnings results.
  • Five stocks we like better than Rightmove.

Rightmove plc (LON:RMV - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 716.57 ($9.57) and traded as high as GBX 791.40 ($10.57). Rightmove shares last traded at GBX 780.40 ($10.43), with a volume of 5,396,965 shares.

Wall Street Analysts Forecast Growth

RMV has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 815 ($10.89) price objective on shares of Rightmove in a research note on Monday. Royal Bank Of Canada raised their target price on Rightmove from GBX 750 ($10.02) to GBX 805 ($10.75) and gave the stock a "sector perform" rating in a research note on Monday. Peel Hunt reissued a "buy" rating and issued a GBX 840 ($11.22) target price on shares of Rightmove in a research report on Friday. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a GBX 625 ($8.35) price objective on shares of Rightmove in a report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 772 ($10.31).

Read Our Latest Research Report on RMV

Rightmove Stock Up 0.9%

The stock's 50-day moving average price is GBX 773.17 and its two-hundred day moving average price is GBX 718.68. The stock has a market capitalization of £6.19 billion, a PE ratio of 31.88, a P/E/G ratio of 2.58 and a beta of 1.05. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83.

Rightmove (LON:RMV - Get Free Report) last released its earnings results on Friday, July 25th. The company reported GBX 14.70 ($0.20) earnings per share (EPS) for the quarter. Rightmove had a net margin of 52.69% and a return on equity of 293.54%. As a group, analysts expect that Rightmove plc will post 30.2327791 EPS for the current fiscal year.

Rightmove Company Profile

(Get Free Report)

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.

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