Rightmove: REA's Bid Pushes Price Too Far - Downgrade To Sell [Seeking Alpha]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
NASDAQ:AMEX Investor Relations:
plc.rightmove.co.uk/investors
Company Research
Source: Seeking Alpha
18min Summary Rightmove's share price has settled at a new, higher level following REA Group's failed attempt to acquire the group. Near-term challenges include a dismal outlook for UK house-builders and expense growth relating to increased headcount. In the absence of improved operating conditions, or another REA bid, RTMVF is now looking overvalued and warrants a Sell rating. yujie chen Introduction I first published on Rightmove ( OTCPK:RTMVF ) in July 2024, just prior to the release of the group's 1H24 result . Back then, Rightmove was trading on the London Stock Exchange (‘LSE') at around £5.74 per share, and I rated the stock as a This article was written by Intrinsic Analysis Follower s Follow Deep experience in investment markets, including over a decade as an equity research analyst with a leading fund manager, and provision of investment consulting services to institutional clients. Analyst's Disclosure: I/we have no stock, option or similar deriva
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