Rightmove (LON:RMV) Stock Price Passes Above 200-Day Moving Average of $544.15

Shares of Rightmove plc (LON:RMV) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 544.15 ($6.92) and traded as high as GBX 556.80 ($7.08). Rightmove shares last traded at GBX 556.80 ($7.08), with a volume of 2,132,241 shares.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RMV shares. Berenberg Bank restated a “buy” rating and issued a GBX 650 ($8.26) target price on shares of Rightmove in a report on Friday, May 10th. Shore Capital restated a “buy” rating on shares of Rightmove in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 483 ($6.14) target price on shares of Rightmove in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 602.67 ($7.66).

Rightmove Stock Down 0.3 %

The business’s fifty day moving average price is GBX 539.94 and its 200 day moving average price is GBX 544.76. The firm has a market capitalization of £4.37 billion, a price-to-earnings ratio of 2,290.83, a PEG ratio of 2.58 and a beta of 0.95. The company has a current ratio of 2.41, a quick ratio of 2.55 and a debt-to-equity ratio of 10.67.

Rightmove Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be paid a GBX 5.70 ($0.07) dividend. The ex-dividend date is Thursday, April 25th. This is a positive change from Rightmove’s previous dividend of $3.60. This represents a yield of 1.01%. Rightmove’s payout ratio is currently 3,750.00%.

Insider Activity

In related news, insider Alison Dolan sold 25,257 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of GBX 568 ($7.22), for a total transaction of £143,459.76 ($182,333.20). Corporate insiders own 0.41% of the company’s stock.

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.