REA Capital Management Looks More Likely Than M&A -- Market Talk

Dow Jones
02-07

0105 GMT - REA Group is more likely to engage in capital management than to take another near-term tilt at U.K. property advertiser Rightmove, Macquarie analysts write in a note. They tell clients that the announcement that Chief Executive Owen Wilson will retire in the second half of 2025 doesn't appear to leave room for a revised proposal for Rightmove. REA cannot make another approach for Rightmove until late March due to U.K. takeover rules. Macquarie's analysts say that the health of the Australian property market makes this the perfect time for News Corp-controlled REA to hike prices, but see this as unlikely. Macquarie lifts its target price 1.9% to A$270.00 and keeps a neutral rating on the stock. Shares are up 3.7% at A$264.41. News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

February 06, 2025 20:06 ET (01:06 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10