# Rightmove Plc -10.5% potential downside indicated by JP Morgan

- Link: https://www.directorstalkinterviews.com/rightmove-plc-10-5-potential-downside-indicated-by-jp-morgan/4121163380
- Published: 2024-07-01T13:30:26+01:00
- Author: Charlotte Edwards

**[Rightmove Plc](https://www.directorstalkinterviews.com/ftse-company/rightmove-plc/rmv.l)**
with ticker (LON:RMV) now has a potential downside of -10.5% according to [JP Morgan](https://www.directorstalkinterviews.com/company/news/funds).

RMV.LJP Morgan set a target price of 483 GBX for the company, which when compared
to the Rightmove Plc share price of 539 GBX at opening today (01/07/2024) indicates
a potential downside of -10.5%. Trading has ranged between 458 (52 week low) and
603 (52 week high) with an average of 2,591,049 shares exchanging hands daily. The
market capitalisation at the time of writing is £4,361,189,992.Rightmove plc is 
a United Kingdom-based company, which is engaged in the operation of the Rightmove
platforms, which has an audience of any United Kingdom property portal. The Company’s
segments include Agency, New Homes and Other. The Agency segment provides resale
and lettings property advertising services on Rightmove’s platforms. The New Homes
segment provides property advertising services to new home developers and housing
associations on Rightmove’s platforms. The Other segment comprises overseas and 
commercial property advertising services, non-property advertising services of third-
party advertising and data services and the mortgages business. It also provides
valuation services and comprehensive property data and provides a free, professional
training programmer for estate agents. Its customers are primarily estate agents,
lettings agents and new homes developers advertising properties for sale and to 
rent in the United Kingdom.

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