Rightmove: This Could Be The Right Time To Buy Shares [Seeking Alpha]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
NASDAQ:AMEX Investor Relations:
plc.rightmove.co.uk/investors
Company Research
Source: Seeking Alpha
Rightmove plc has delivered a decent total return over the past year, outperforming the iShares MSCI United Kingdom ETF but underperforming the S&P 500 index. The company faces challenges such as reliance on the UK market and housing affordability, but its low valuation presents a potentially attractive investment opportunity, especially with expected interest rate reductions. It has been more than a year since we started covering Rightmove plc ( OTCPK:RTMVF OTCPK:RTMVY ), the UK's leading property portal. We thought shares were fairly valued, but started with a "Buy" rating given the quality of the business Recommended For You Recommended For You About RTMVF Stock
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News
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- 160,000 rental properties disappear from the market as landlords sell up [Yahoo! Finance]Yahoo! Finance
- Renting: Three ways to win the race to securing a property [Yahoo! Finance]Yahoo! Finance
- Rightmove sees higher mortgage rates weighing on UK housing market [Reuters]Reuters
- Mortgage Rates 8 May 2024 [Forbes]Forbes