UK property portal powerhouse Rightmove Plc has had its stock rating noted as Retains and the recommendation set at Underweight by analysts at Barclays Capital.
Barclays Capital have set a target price of 3650 GBX on its stock. This indicates the analyst believes there is a potential downside of 11.1 percent from today’s opening price of 4108 GBX.
Over the last 30 and 90 trading days the company share price has decreased 58 points and increased 31 points respectively.
Rightmove Plc’s principal site is rightmove.co.uk which offers web-based and mobile platforms for online property search. The company’s segments include Agency, New Homes and Other.
The Agency segment provides resale and lettings property advertising services on www.rightmove.co.uk.
The New Homes segment provides property advertising services to new home developers and housing associations on www.rightmove.co.uk.