Rightmove (LON:RMV) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of Rightmove plc (LON:RMV) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 651.74 ($8.44) and traded as high as GBX 688 ($8.90). Rightmove shares last traded at GBX 687.80 ($8.90), with a volume of 166,164,453 shares.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RMV shares. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a report on Wednesday, March 12th. Royal Bank of Canada increased their price objective on shares of Rightmove from GBX 630 ($8.15) to GBX 750 ($9.71) and gave the company a “sector perform” rating in a research note on Monday, March 3rd.

Rightmove Trading Down 0.4 %

The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.55 and a current ratio of 1.83. The business has a fifty day simple moving average of GBX 669.65 and a 200 day simple moving average of GBX 651.99. The stock has a market cap of £5.35 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 2.58 and a beta of 1.05.

Rightmove (LON:RMV) last posted its quarterly earnings data on Friday, February 28th. The company reported GBX 12.80 ($0.17) EPS for the quarter. Rightmove had a return on equity of 293.54% and a net margin of 52.69%. As a group, equities analysts anticipate that Rightmove plc will post 30.2327791 EPS for the current year.

Rightmove Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be issued a dividend of GBX 6.10 ($0.08) per share. The ex-dividend date is Thursday, April 24th. This is an increase from Rightmove’s previous dividend of $3.70. This represents a dividend yield of 0.9%. Rightmove’s payout ratio is 36.10%.

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.