Rightmove (LON:RMV) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Rightmove plc shares have risen above their **200-day moving average** of GBX 731.97, currently trading at GBX 777.40 ($10.52).
• Recent analyst ratings are mixed, with one **sell**, one **hold**, and four **buy** ratings, reflecting a consensus price target of GBX 787 ($10.65).
• The company reported an **EPS of GBX 14.70 ($0.20)** for its latest quarter, with a strong **net margin of 52.69%** and return on equity of 293.54%.

Rightmove plc (LON:RMV - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 731.97 ($9.90) and traded as high as GBX 783.80 ($10.60). Rightmove shares last traded at GBX 777.40 ($10.52), with a volume of 1,135,934 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RMV shares. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a GBX 625 ($8.46) price target on shares of Rightmove in a research note on Wednesday, July 9th. Berenberg Bank increased their price target on Rightmove from GBX 795 ($10.76) to GBX 850 ($11.50) and gave the company a "buy" rating in a research note on Tuesday, July 29th. Peel Hunt reiterated a "buy" rating and set a GBX 840 ($11.37) price objective on shares of Rightmove in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 815 ($11.03) price objective on shares of Rightmove in a research report on Monday, July 28th. Finally, Royal Bank Of Canada increased their target price on Rightmove from GBX 750 ($10.15) to GBX 805 ($10.89) and gave the stock a "sector perform" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 787 ($10.65).

Rightmove Stock Down 1.4%

The firm has a 50 day moving average of GBX 785.12 and a two-hundred day moving average of GBX 731.97. The firm has a market capitalization of £5.98 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 2.58 and a beta of 1.05. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15.

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

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.

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