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

Key Points

• Rightmove plc's share price has surpassed its two hundred-day moving average, trading at GBX 823.80 ($11.00) with a peak at GBX 825 ($11.02).
• Analysts have given Rightmove an average rating of "Moderate Buy" with price targets ranging from GBX 625 ($8.35) to GBX 850 ($11.35).
• Rightmove reported a quarterly earnings per share of GBX 14.70 ($0.20) and has a strong return on equity of 293.54% and a net margin of 52.69%.

Rightmove plc (LON:RMV - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 725.96 ($9.76) and traded as high as GBX 825 ($11.09). Rightmove shares last traded at GBX 823.80 ($11.08), with a volume of 1,670,791 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RMV. JPMorgan Chase & Co. restated an "underweight" rating and set a GBX 625 ($8.40) price objective on shares of Rightmove in a research report on Wednesday, July 9th. Royal Bank Of Canada boosted their target price on Rightmove from GBX 750 ($10.08) to GBX 805 ($10.82) and gave the company a "sector perform" rating in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 815 ($10.96) price target on shares of Rightmove in a research note on Monday, July 28th. Peel Hunt reaffirmed a "buy" rating and issued a GBX 840 ($11.29) price target on shares of Rightmove in a research note on Friday, July 25th. Finally, Berenberg Bank boosted their target price on Rightmove from GBX 795 ($10.69) to GBX 850 ($11.43) and gave the stock a "buy" rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Rightmove presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 787 ($10.58).

Rightmove Stock Performance

The firm has a fifty day simple moving average of GBX 782.94 and a 200 day simple moving average of GBX 729.26. The stock has a market cap of £6.14 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 2.58 and a beta of 1.05. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15.

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