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Pin to quick picksRightmove Share News (RMV)

Share Price Information for Rightmove (RMV)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 682.40
Bid: 630.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 52.00 (8.254%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 682.40
RMV Live PriceLast checked at -

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Sunday share tips: Rightmove and Chapel Down

Sun, 17th Dec 2023 12:43

(Sharecast News) - The Times' tipster Lucy Tobin recommends investors take a look at housing marketplace Rightmove, playing down fears of competition after US group CoStar took over rival OnTheMarket.com in October.

Rightmove currently trades at just 560p, dropping from 800p just two years ago and 600p earlier this year. Nevertheless, the company is in "fine fettle", Tobin said, with last month's trading update confirming upbeat conditions.

The company said it was trading marginally ahead of expectations and is on track to almost double revenues from £333m in 2022 to £600m by 2028

After a recent recovery the shares are "no longer going cheap", Tobin said, trading at 20 times earnings.

However, macro trends are looking up with Tobin pointing to "property value inflation, a chronic shortage of housing, strong lettings demand and the improving interest rate environment" - which should all contribute to increased website traffic.

"OntheMarket is still a minnow and a US parent may not flourish in the quirky British housing market. Buy Rightmove," Tobin wrote.

Meanwhile, the Midas column at the Daily Mail has highlighted British sparkling wine producer Chapel Down as a "thirst-quenching long-term hold".

Demand for British sparkling wine has soared by 20% this year even as demand for Champagne, Italian prosecco and Spanish cava has dipped.

"Chapel Down shares have more than tripled over the past decade but there should be plenty more pop in the stock," writes Joanne Hart.

Hart said recent results are strong, with chief executive Andrew Carter signalling big ambitions to grow Chapel Down's current 38% UK market share. Meanwhile, the company's recent move from the Aquis Stock Exchange to AIM opens it up to a wider pool of investors, large and small.

"Carter is driven and blind tastings show that even the French savour English sparkling wine. Shareholders enjoy generous perks too, including a 33% discount on all purchases, ideal at this time of year," Hart said.

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Berenberg bumps up target price on Rightmove

(Sharecast News) - Analysts at Berenberg raised their target price on Rightmove from 775.0p to 795.0p on Tuesday following the group's FY24 results last week.

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FTSE 100 up 0.6%, FTSE 250 off 0.4%

*

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28 Feb 2025 16:08

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28 Feb 2025 09:45

Rightmove sees revenue growth and operating margin picking up in 2025

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28 Feb 2025 07:20

Rightmove lifts dividend, upbeat on outlook

(Sharecast News) - Property portal Rightmove reported a rise in full-year revenue and operating profit on Friday and lifted its dividend as it said housing market activity gradually improved throughout the year.

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26 Feb 2025 13:06

Rightmove still overvalued with another REA bid unlikely, says Jefferies

(Sharecast News) - The market continues to overvalue Rightmove, with the shares pricing in another takeover offer from REA Group that's unlikely to materialise, according to Jefferies, which reiterated an 'underperform' stance on the stock.

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28 Jan 2025 00:01

UK rents outside London fall for first time since pandemic, Rightmove says

LONDON, Jan 28 (Reuters) - Advertised rents in Britain outside London have fallen on a quarterly basis for the first time since 2019 due mostly to a drop in demand from tenants, according to data published on Tuesday by property website Rightmove.

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21 Jan 2025 17:03

LONDON MARKET CLOSE: Stocks firm as Trump takes moderate tariff stance

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21 Jan 2025 16:41

London close: Stocks higher after softer UK employment data

(Sharecast News) - London stocks closed higher on Tuesday, as investors assessed the latest UK employment data, and watched for developments across the pond on the first full day of Donald Trump's second presidential term.

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LONDON MARKET MIDDAY: Stocks mixed as Donald Trump sows confusion

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