Rightmove Share Discussion Threads

[pas100] 03/10/2013 07:51

Rightmove Given "Buy" Rating at Citigroup Inc. (RMV)

Rightmove (LON:RMV)'s stock had its "buy" rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Wednesday, StockRatingsNetwork reports. They currently have a GBX 3,000 ($48.40) target price on the stock. Citigroup Inc.'s price target points to a potential upside of 26.53% from the company's current price.

Rightmove (LON:RMV) opened at 2358.00 on Wednesday. Rightmove has a 52 week low of GBX 1430.00 and a 52 week high of GBX 2507.00. The stock's 50-day moving average is GBX 2372. and its 200-day moving average is GBX 2086.. The company's market cap is £2.362 billion.

A number of other analysts have also recently weighed in on RMV. Analysts at Credit Suisse initiated coverage on shares of Rightmove (LON:RMV) in a research note to investors on Wednesday. They set an "outperform" rating and a GBX 2,770 ($44.69) price target on the stock. Separately, analysts at Westhouse Securities reiterated an "add" rating on shares of Rightmove (LON:RMV) in a research note to investors on Monday. They now have a GBX 2,570 ($41.46) price target on the stock. Finally, analysts at Barclays Capital reiterated an "overweight" rating on shares of Rightmove (LON:RMV) in a research note to investors on Thursday, September 19th. They now have a GBX 2,675 ($43.16) price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. The company currently has a consensus rating of "Buy" and an average price target of GBX 2,520.32 ($40.66).

Rightmove plc operates in the United Kingdom residential and commercial property industry connecting people to properties.

[cockneyrebel] 02/10/2013 11:04

0949 GMT [Dow Jones] Credit Suisse initiates coverage of Rightmove (RMV.LN) at outperform with a 2770p target price. "We see Rightmove as attractively valued given its exposure to the U.K. housing recovery and that its expansion is underpinned by solid structural growth," it says. "We see Rightmove as the lowest risk and potentially more liquid way of participating in the recovery of the U.K. housing market." Adds its strong market position has given Rightmove significant pricing power and allowed it to drive up average revenue per advertiser. At the same time, says the group has controlled its cost base. Shares down 0.9% to 2350p, in a negative overall market. ([e-mail]; Twitter: @NinaBains1)

[cockneyrebel] 02/10/2013 09:58

*DJ Rightmove Started at Outperform by Credit Suisse

[pas100] 01/10/2013 12:32

Rightmove all set for growth, Westhouse says

Another stock to watch amid the government's relentless efforts to hurry the property market along is online estate agent Rightmove (RMV.L), according to Westhouse, which has a 'buy' recommendation on the shares.

The analysts welcomed the decision to embark on phase two of the Help to Buy plan early: 'We expect this initiative to stimulate a market that appears to be already showing clear signs of recovery and to help RMV build on a strong H1 performance,' they said.

Over the past three months the shares have outpaced the market by 6%, they added, which they said was a modest rise given the encouraging first-half update.

'We do not think the group's valuation multiples (30.5x / 23.0x 2013 price to earnings and enterprise value to earnings ratios respectively), although sizeable in absolute terms, adequately reflect this momentum, strong cash flows and substantially superior growth prospects,' they added, reiterating their £25.70 target price.

Shares in the group closed at £23.69 on Monday, up 22p or 0.9%.

[wanttowin] 01/10/2013 12:29

Seems like it is building for an assault on £25 CR

[cockneyrebel] 30/9/2013 17:52

From -50p to +16p, great reversal.

CR

[cockneyrebel] 30/9/2013 15:36

50 point intraday reversal today - bullish imo.

CR

[kitbag1984] 24/9/2013 10:11

I see that zillow has dropped around 10% recently. May find a buying opportunity here.

[quepassa] 19/9/2013 15:10

Third time now that Zillow has gone through the $100 mark.

New all-time high of $102.

Looks like the sector is on fire, both UK and US. - Hardly surprising given the outlook for the property markets and those incredibly low mortgage rates.

ALL IMO. DYOR.

QP

[blapighead] 17/9/2013 14:54

Yes quite right look at what happened to monysupermarket vs gocompare, had a dramatic impact on the mony share price

[kitbag1984] 16/9/2013 08:35

In terms of usability and brand recognition I think rmv trumps zoopla. However the status quo could easily change. Agents don't like rmvs high prices and zoola had a massive marketing campaign on at the moment. Rightmove should not get complacent.

[kitbag1984] 12/9/2013 21:52

Thanks. Will watch with interest. Two of the guides in use for rmv are eps increase and percentage of estate agents using them. There is still only around 50% of estate agencies using rmv so still scope there even before sales growth.Both together would have a massive impact on share price. Will need to look at zillow and hopefully if the much talked about correction happens then there may be a chance to get in.

[quepassa] 12/9/2013 19:20

Clearly someone thinks they have a lot further to go.

Australian Billionaire recently bought 9.4% of Zillow.

James Packer, second richest man in Australia, son of well-known Kerry Packer.

This two minute Bloomberg report not to be missed:-



Listen especially carefully to the end of the report

ALL IMO. DYOR.

QP

[kitbag1984] 11/9/2013 16:52

Good post. I am annoyed at having missed Zillow, despite hearing about them several times on motley fool. However with such a good growth over the last year though does it still stand as a good investment? Is there scope for increase of earnings? I don't know enough about the US market but certainly the help to buy scheme has the possibility of increasing earnings for RMV. Any thoughts on where zillow goes from here?

[quepassa] 04/9/2013 20:36

Not at all sure about that one. For example, Manhattan is normally way ahead of London in prices and market trends.

Not decrying Rightmove in any way. A great company. And very investible.

And likely to go further.

For fans of Rightmove, all I am saying is that in my opinion there is another Company similar to Rightmove out there. Not a competitor. Different market. But it's hard to understand why the USA didn't have a Rightmove-type company way ahead of the UK. That's the bizarre thing. The USA was highly fragmented. But now Zillow has set out to dominate the US online estate agency business.

The point is that until recently the USA didn't have a Rightmove equivalent.

But this Company is now playing catch-up pretty damn quick in America.

Undeniably the US domestic property market is vastly bigger than the UK serving relative populations of 315million people against 62million people and a land mass of 3.8million square miles against a diminutive 95,000 square miles for the UK. Texas alone is 3 times bigger than the UK.

The point being that the potential for the dominant US domestic national player which emerges as the winner ( like ebay or amazon in their respective online spaces) and similar to RMV in the UK, is huge.

The market is catching on to this fact. Hence the relative share price movements of these similar companies except one is in its infancy and the other more mature.

DEC 12 to NOW:-

RMV + 60%. ZILLOW + 300%

ALL IMO. DYOR.

QP

[cockneyrebel] 04/9/2013 19:50

RMV have the UK wrapped up tho and if there's one place where property does better than the US it's UK imo.

CR

[quepassa] 04/9/2013 19:16

By way of comparison,

Zillow Inc ( the Rightmove equivalent? of the USA ) is now +300% in 8/9 months.

Just breached $100 per share. From a low of $25 to $102 per share in less than a year is fantastic.

Internet estate agency is going bananas.

I think Rightmove is great but my money is on Zillow as there has been NO dominant US player in the past and the US market is far vaster than the UK market.

ALL IMO. DYOR.

QP

[mike24] 03/9/2013 15:36

does anyone have any f... idea, the stress of moving house
market to completion has doubled from two to four months
in many cases taking longer,

miles you have 15 new properties to view,
are they new in the sense they have just come to market,
some are reduced others moving agents after poor viewings
the real problems are chains breaking down, due to so few new props
breaking the link, are builders going to rush into meeting demand,
when so many are sitting on unrealised losses of land bought at height of
the boom, and do you really have no choice but to pay a fortune to live in a rabbit hutch,
the tabloids love house price articles it fills up the pages,
just less ramping BS and more constructive ideas would help

oct is a risky month for investors, could see sharp falls and good recoveries

as for RYA red flags seemed to appear a few wks ago
dyor

[cockneyrebel] 02/9/2013 11:14

Next leg up here starting imo - strap yourself in - house sales screaming away.

CR

[wanttowin] 29/8/2013 14:02

Powering on today, lovely jubbly..

[kitbag1984] 22/8/2013 22:21

What the move down to 2350? I don't think that is much of a major movement is it?

[mike24] 22/8/2013 13:01

some profit taking on this super spike,
edit
overlay ukx chart from 31july, seems to point to short term direction

we will pop the prop bubble, without raising rates?

[major clanger] 19/8/2013 16:24

Broker rec change:

Westhouse Securities - add from neut - TP 2,570p [upgrade]

More here:

hxxp://www.brokerforecasts.com/news/article/articleId/4653041

[kitbag1984] 19/8/2013 12:06

Brought at 0815 now up 4% wish I had taken a spread bet position now rather than just in my long term holding.