Rightmove faces rising competition from OnTheMarket's new owner, says Citi
3rd Nov 2023 09:35
(Sharecast News) - Citigroup has reiterated its 'sell' rating and 445p target price for online property platform Rightmove, highlighting rising competition from US group CoStar.
Read moreLondon close: Stocks higher after flurry of corporate updates
30th Oct 2023 16:00
(Sharecast News) - London's financial markets showed resilience on Monday, finishing with gains as investors assessed corporate results and awaited significant central bank policy updates.
Read moreBerenberg upgrades Rightmove, says selloff overdone
30th Oct 2023 07:51
(Sharecast News) - Berenberg upgraded Rightmove on Monday to 'buy' from 'hold' as it said the selloff since the OnTheMarket/CoStar deal was announced was overdone.
Read moreBofA ML reiterates 'buy' on Rightmove as shares tumble
19th Oct 2023 11:34
(Sharecast News) - Bank of America Merrill Lynch reiterated its 'buy' rating on Rightmove on Thursday as it awaited "further developments", after smaller rival OnTheMarket agreed to be taken over by US commercial real estate information group CoStar in a £99m deal.
Read moreRightmove tumbles as OnTheMarket agrees £99m takeover by CoStar
19th Oct 2023 09:32
(Sharecast News) - Rightmove tumbled on Thursday after smaller rival OnTheMarket agreed to be taken over by US commercial real estate information group CoStar in a £99m deal.
Read moreLondon close: Stocks mixed as interest rate concerns simmer
28th Sep 2023 16:12
(Sharecast News) - London stocks finished with a varied performance on Thursday as investors pored over the latest US jobless claims data, with underlying anxieties regarding interest rates still bubbling away.
Read moreRightmove H1 profits, revenue grow despite tough backdrop
28th Jul 2023 07:56
(Sharecast News) - Property portal Rightmove backed its full-year expectations on Friday as it reported a jump in first-half profit as revenues saw their biggest increase in five years despite the challenging backdrop.
Read moreHSBC upgrades Rightmove to 'buy'
2nd May 2023 14:40
(Sharecast News) - HSBC upgraded Rightmove on Tuesday to 'buy' from 'hold' and lifted the price target to 645p from 530p as it said some of the early demand indicators show return of buyers' interest and argued that positive sentiment from agents is not priced into current multiples for the stock.
Read moreBroker tips: Rightmove, AJ Bell, JTC
2nd May 2023 12:29
(Sharecast News) - HSBC upgraded Rightmove on Tuesday to 'buy' from 'hold' and lifted the price target to 645p from 530p as it said some of the early demand indicators show return of buyers' interest and argued that positive sentiment from agents is not priced into current multiples for the stock.
Read moreUK house prices up 0.8% in March
20th Mar 2023 07:14
(Sharecast News) - UK property asking prices rose by 0.8% in March from the prior month and showed signs of stabilising after last year's 'mini-budget' that created severe market volatility, according to a survey released on Monday.
Read moreRightmove profits rise amid 'resilient traffic'
3rd Mar 2023 07:40
(Sharecast News) - Property portal Rightmove posted a rise in full-year operating profit on Friday as it highlighted "resilient traffic despite a significantly less frenetic property market than 2021".
Read moreRightmove appoints Johan Svanström as CEO
21st Oct 2022 08:49
(Sharecast News) - Property portal Rightmove backed its full-year expectations on Friday as it appointed Johan Svanström as its new chief executive officer, succeeding Peter Brooks-Johnson, who will retire after the full-year results.
Read moreRightmove sees 'broadly stable' market as interim profits rise
29th Jul 2022 07:55
(Sharecast News) - UK property portal Rightmove on Friday reported a rise in interim profits despite a cooling in the housing market.
Read moreRightmove CEO Peter Brooks-Johnson to step down
9th May 2022 07:06
(Sharecast News) - Real estate group Rightmove revealed on Monday that chief executive Peter Brooks-Johnson will step down from the board and leave the company in the coming year.
Read moreRBC Capital upgrades Rightmove to 'sector perform'
24th Mar 2022 09:58
(Sharecast News) - RBC Capital Markets upgraded Rightmove on Thursday to 'sector perform' from 'underperform', saying it is now more confident in the company's ability to deliver on market expectations, based on its bottom-up average revenue per advertiser analysis.
Read more