Brokerages Set Redrow plc (RDW) Target Price at $592.50
Redrow plc (LON:RDW) has been assigned an average rating of “Buy” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 592.50 ($7.66).
RDW has been the topic of several research analyst reports. Deutsche Bank AG restated a “hold” rating and set a GBX 548 ($7.09) target price on shares of Redrow plc in a research note on Thursday, May 4th. Liberum Capital boosted their target price on Redrow plc from GBX 561 ($7.26) to GBX 601 ($7.77) and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Jefferies Group LLC boosted their target price on Redrow plc from GBX 666 ($8.61) to GBX 682 ($8.82) and gave the stock a “buy” rating in a research note on Monday, June 26th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 600 ($7.76) target price on shares of Redrow plc in a research note on Friday, July 7th. Finally, Barclays PLC boosted their target price on Redrow plc from GBX 558 ($7.22) to GBX 630 ($8.15) and gave the stock an “overweight” rating in a research note on Thursday, July 13th.
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Shares of Redrow plc (RDW) traded down 0.64% on Tuesday, hitting GBX 616.50. The stock had a trading volume of 504,210 shares. The company’s 50 day moving average price is GBX 587.95 and its 200-day moving average price is GBX 549.82. Redrow plc has a 12 month low of GBX 362.60 and a 12 month high of GBX 626.06. The company’s market cap is GBX 2.24 billion.
About Redrow plc
Redrow PLC is engaged in residential housing development. The Company is engaged in constructing homes throughout England and Wales. The Company’s operations are focused on housebuilding. Its product range is focused on traditional family housing in its regional businesses and apartment schemes in Greater London.
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