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Rightmove (LON:RMV) Stock Passes Above 200-Day Moving Average - Here's Why

Rightmove logo with Communication Services background

Rightmove plc (LON:RMV - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 684.27 ($9.29) and traded as high as GBX 765.80 ($10.40). Rightmove shares last traded at GBX 762.40 ($10.35), with a volume of 2,341,708 shares changing hands.

Wall Street Analyst Weigh In

RMV has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their price objective on Rightmove from GBX 630 ($8.56) to GBX 750 ($10.18) and gave the company a "sector perform" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. restated an "underweight" rating on shares of Rightmove in a report on Wednesday, March 12th.

View Our Latest Stock Analysis on RMV

Rightmove Stock Down 0.4%

The firm has a market capitalization of £5.92 billion, a PE ratio of 30.44, a PEG ratio of 2.58 and a beta of 1.05. The company has a fifty day simple moving average of GBX 731.55 and a two-hundred day simple moving average of GBX 684.78. 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 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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