Rightmove was yesterday downgraded by analysts at Barclays.
Their research note cuts its target price for Rightmove shares from 4,440p to 3,300p – a potential downside of 11.72%.
Yesterday Rightmove shares tumbled 238p, down 6.3%, to 3,500p.
Barclays also downgraded Zoopla, which reduced its target price from 335p to 250p.
Zoopla shares ended the day at 251p.
By contrast, Credit Suisse boosted its price target for Foxtons to 114p.
Foxtons shares stood at a 52-week low last week, hitting 97p on June 28.
Yesterday, they finished at 104p, down 3.5%.
Comments (2)
And inexplicably PB shares still trading well above their flotation price. Z & RM & foxtons all make money. PB doesn’t.
Makes you wonder how many other anomalies their are.
According to Einstein’s general theory nothing moves faster than the speed of light.
Yet the initial moments after the big bang, scientists suggest the initial expansion would have been greater than the speed of light.
Makes you wonder. Huh !
Oh NOW I see why Alex Chesterman is joining the dangerously and ill-conceived ‘anti-democratic’ movement (see first article today) in a futile attempt to thwart the wishes of the British electorate. He and his ilk, for better or worse, lost the argument over Brexit, should accept it and move on. Democracy means if you’ve won by one vote, you’ve won. End of.