Rightmove (LON:RMV) Share Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Rightmove shares fell below their 200‑day moving average, trading as low as GBX 449.80 and last at GBX 453.20 versus the 200‑day MA of GBX 580.59, on heavy volume of about 300.7 million shares.
• Analysts have issued mixed revisions—Berenberg, RBC, JPMorgan and Jefferies adjusted targets and ratings—and the stock's consensus is a "Hold" with an average price target of GBX 708.67 (four Buy, two Sell).
• The company is valued at roughly £3.44 billion with a P/E of 17.43 and strong profitability (net margin 51.06%, ROE 264.68%), and analysts expect about GBX 30.23 EPS for the current fiscal year.

Shares of Rightmove plc (LON:RMV - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 580.59 and traded as low as GBX 449.80. Rightmove shares last traded at GBX 453.20, with a volume of 300,672,969 shares trading hands.

Analysts Set New Price Targets

A number of analysts have commented on the company. Berenberg Bank reduced their target price on Rightmove from GBX 850 to GBX 785 and set a "buy" rating for the company in a report on Monday, November 10th. Royal Bank Of Canada raised Rightmove to an "outperform" rating and lowered their price target for the company from GBX 805 to GBX 775 in a report on Monday, November 10th. JPMorgan Chase & Co. lifted their price objective on Rightmove from GBX 500 to GBX 527 and gave the stock an "underweight" rating in a report on Wednesday, December 3rd. Finally, Jefferies Financial Group decreased their target price on Rightmove from GBX 485 to GBX 465 and set an "underperform" rating for the company in a research report on Tuesday, November 25th. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of GBX 708.67.

Rightmove Stock Performance

The business's 50 day simple moving average is GBX 473.43 and its two-hundred day simple moving average is GBX 580.59. The firm has a market capitalization of £3.44 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 2.58 and a beta of 0.99. The company has a current ratio of 1.89, a quick ratio of 2.55 and a debt-to-equity ratio of 13.13.

Rightmove (LON:RMV - Get Free Report) last released its quarterly earnings results on Friday, February 27th. The company reported GBX 29.10 earnings per share (EPS) for the quarter. Rightmove had a return on equity of 264.68% and a net margin of 51.06%. Research analysts expect that Rightmove plc will post 30.2327791 earnings per share for the current fiscal year.

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.

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