Rightmove (LON:RMV) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Rightmove plc (LON:RMVGet Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 452.34 and traded as low as GBX 450.60. Rightmove shares last traded at GBX 457.72, with a volume of 2,850,931 shares trading hands.

Analysts Set New Price Targets

RMV has been the subject of a number of research reports. Citigroup dropped their target price on shares of Rightmove from GBX 520 to GBX 455 and set a “neutral” rating for the company in a report on Thursday, April 9th. UBS Group restated a “neutral” rating and set a GBX 481 price target on shares of Rightmove in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Rightmove from GBX 489 to GBX 404 and set an “underweight” rating for the company in a research note on Tuesday, June 16th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Rightmove presently has a consensus rating of “Hold” and an average target price of GBX 633.12.

View Our Latest Stock Analysis on RMV

Rightmove Price Performance

The stock has a market cap of £3.36 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 2.58 and a beta of 0.90. The stock’s fifty day moving average is GBX 430.50 and its 200-day moving average is GBX 452.34. The company has a debt-to-equity ratio of 8.73, a current ratio of 1.89 and a quick ratio of 2.55.

Insider Activity at Rightmove

In other news, insider Amanda James purchased 6,016 shares of Rightmove stock in a transaction dated Thursday, May 21st. The shares were purchased at an average price of GBX 413 per share, with a total value of £24,846.08. Also, insider Lorna Tilbian acquired 3,600 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of GBX 403 per share, for a total transaction of £14,508. Corporate insiders own 0.37% of the company’s stock.

About Rightmove

(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. 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.

Further Reading

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