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Rightmove still overvalued with another REA bid unlikely, says Jefferies

By Benjamin Chiou

Date: Wednesday 26 Feb 2025

(Sharecast News) - The market continues to overvalue Rightmove, with the shares pricing in another takeover offer from REA Group that's unlikely to materialise, according to Jefferies, which reiterated an 'underperform' stance on the stock.
The broker, which cut its rating from 'hold' just last month, said "recent news flow supports...

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