Rightmove downgraded as bank warns of agency closures accelerating
Investment bank RBC Capital has downgraded its rating of Rightmove and is warning that the property market is entering a prolonged downturn with agency closures on the horizon. The bank has cut Rightmove’s share price target from 550p to 440p. In an advice note to investors it warns: “The likelihood of… Read More »Rightmove downgraded as bank warns of agency closures accelerating