Rightmove Plc Unsponsored ADR (RTMVY)
Investment bank nudges Rightmove target to 805p on stronger growth outlook
RBC Capital has raised its price target on Rightmove PLC (LSE:RMV) to 805p from 750p, citing a clearer growth path following the company's half-year results. The bank acknowledged some investor scepticism after the earnings call but said it saw more to like in the update, describing the portal as “the silver lining without a cloud.
Rightmove H1 revenue rises 10% as agents embrace premium packages
Rightmove PLC (LSE:RMV) has reported a solid set of half-year results, showing revenue up 10% to £211.7 million and operating profit rising by the same margin to £145.4 million for the six months to 30 June 2025. The company credited strong take-up of premium products and sustained demand from partners as key drivers.
New sellers cut prices as buyers flock to cities over coast says Rightmove
New sellers trimmed asking prices by 0.3% in June, shaving £1,277 off the average to £378,240. That's an unusual drop for this time of year, as a flood of homes for sale and April's stamp duty hike push sellers to be more realistic.
Rightmove keeps 2025 guidance as new tools and partner features drive strong start
Rightmove PLC (LSE:RMV) said it has made a strong start to 2025, with trading in line with expectations and full-year guidance unchanged. The UK-based property portal continues to forecast 8–10% revenue growth this year, supported by new product launches and increased membership across its Core business.
UK housebuilders edge higher as Citi flags resilient demand ahead of trading updates
- Rightmove data shows asking prices up in April, with buyer interest holding firm post-stamp-duty changes Shares in UK housebuilders saw modest gains on Tuesday after Citi highlighted fresh signs of resilience in the housing market ahead of upcoming trading updates from the sector. The latest data from Rightmove showed asking prices rose 1.4% month-on-month and 1.3% year-on-year in April, with a notable rebound in the South East and South West - areas that had lagged in recent months.
Rightmove lauded by broker as it outperforms expectations
Rightmove PLC's (LSE:RMV) strategic growth areas are outperforming expectations, with its mortgage and rental businesses delivering double-digit revenue growth. Berenberg sees these segments as key drivers of future performance and has increased its price target to 795p from 775p, maintaining a 'buy' rating.
Rightmove bumps up dividend as revenue growth seen accelerating
Rightmove PLC has strengthened its dividend after growing revenue and underlying profit last year and signalling further strength into 2025 on the likes of interest rate cuts. A 6.1p per share final dividend was unveiled in results on Friday, taking the full-year payout to 9.8p and up 5%.
Rightmove petition launched by estate agent could hit growth, warns analyst
A petition calling for the UK's competition watchdog to investigate pricing practices at Rightmove PLC (LSE:RMV) has set alarm bells ringing for analysts. Shaun Adams, the owner of independent agent Cooper Adams launched a petition calling for the Competition & Markets Authority to investigate pricing practices employed by the FTSE 100-listed property website.
Stamp Duty fears prompt record Boxing Day house listings, Rightmove data reveals
A record number of homes were listed for sale on Boxing Day, fuelled by falling mortgage rates and buyers eager to beat upcoming stamp duty changes, according to Rightmove data. The number of listings rose by 25% compared to the previous year, which itself was a record.
House prices fell than expected in November says Rightmove
Prices of houses put up for sale on its website fell by over £5,000 in November, according to online estate agent Rightmove PLC (LSE:RMV). A typical family house costs £366,592 down by £5,366 or 1.4% month-on-month.
Rightmove cautions on sluggish homes development growth
Property portal Rightmove PLC (LSE:RMV) has expressed cautious optimism about the property market's near-term prospects, but new homes development remains a stress point. Rightmove, in a trading update, said property transaction flow is improving, although the FTSE 100 constituent tightened its full-year membership growth forecast to 1% (from “up to” 2% previously) due to “a slower-than-expected recovery in new homes developments”.
Australia's REA rises after walking away from $8.3 bln takeover offer for UK's Rightmove
Shares of Australia's REA Group rose 4% on Tuesday, after the property listing firm decided to end its $8.29 billion takeover pursuit for Rightmove following a fourth bid rejection from the British real estate portal.
