Rightmove PLC (LSE:RMV), the property portal, remains a sell for Stifel after revived takeover speculation sent the stock up 9% to 503p. Analyst Clément Genelot kept his 'sell' rating and target price of 356p on the company, arguing that the market gains are likely to unwind given the absence of a credible bidder.
When it comes to the UK's online property portals, Rightmove is the 800-pound gorilla, with around 80% of all the time spent on property portals being spent on Rightmove.co.uk. The strength of Rightmove's position has fuelled a lot of growth since the company was founded in 2000, and Rightmove is, quite rightly, generally thought of as a growth stock rather than an income stock. With its shares trading at £4.90, Rightmove has a relatively low dividend yield of 2.2%.
A hands-on experiment to test whether AI shopping assistants threaten property and car listing sites ended in their favour. Giles Thorne, an internet analyst at Jefferies, the investment bank, built his own artificial intelligence agent to search for a house and a car this summer.
| IT Services Industry | Information Technology Sector | Johan Svanstrom CEO | XFRA Exchange | 76657Y101 CUSIP |
| GB Country | 900 Employees | 8 Jun 2026 Last Dividend | 6 Sep 2018 Last Split | - IPO Date |
Rightmove plc, established in 2000 and based in Milton Keynes, United Kingdom, operates as a leading entity in the realm of digital property advertising and information. The company has cemented its presence not only on a national level within the UK but also on an international scale. It orchestrates its operations via distinct segments, namely Agency, New Homes, and Others, catering to a wide range of property-related needs. Rightmove plc serves a diverse clientele that includes property professionals like estate agents, lettings agents, new homes developers, landlords, surveyors, insurers, mortgage lenders, brokers, and even local authorities.
This segment primarily focuses on delivering property resale and letting advertising services on Rightmove’s digital platforms. It extends additional offerings such as tenant references and rent guarantee insurance services to landlords, ensuring a comprehensive suite of solutions for resale and rental property advertising.
Targeted at new home developers and housing associations, this segment specializes in property advertising services. Rightmove plc’s platforms provide a dedicated space for new homes advertising, meeting the specific promotional demands of the new homes sector.
Comprising several diverse offerings, this segment includes overseas and commercial property advertising services, providing a global reach for property listings. Additionally, it encompasses non-property advertising services such as third-party advertising and data services, catering to a broader advertising demand. Mortgage services are also part of this segment, alongside property valuation and brokerage services, and the sale of property data, creating a comprehensive package for various stakeholders in the property market.