Redrow plc (RDW) Receives Hold Rating from Deutsche Bank AG
Redrow plc (LON:RDW)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank AG in a research report issued to clients and investors on Friday. They presently have a GBX 549 ($7.10) price objective on the stock. Deutsche Bank AG’s price target points to a potential downside of 11.52% from the company’s current price.
A number of other brokerages have also recently weighed in on RDW. Liberum Capital lifted their price target on shares of Redrow plc from GBX 561 ($7.26) to GBX 601 ($7.77) and gave the company a “buy” rating in a research report on Wednesday, July 19th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 600 ($7.76) price target on shares of Redrow plc in a research report on Friday, July 7th. Jefferies Group LLC lifted their price target on shares of Redrow plc from GBX 666 ($8.61) to GBX 682 ($8.82) and gave the company a “buy” rating in a research report on Monday, June 26th. Finally, Barclays PLC lifted their price target on shares of Redrow plc from GBX 558 ($7.22) to GBX 630 ($8.15) and gave the company an “overweight” rating in a research report on Thursday, July 13th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Redrow plc currently has an average rating of “Buy” and a consensus price target of GBX 592.50 ($7.66).
Shares of Redrow plc (RDW) opened at 620.50 on Friday. The stock’s market capitalization is GBX 2.25 billion. The firm has a 50-day moving average of GBX 580.51 and a 200 day moving average of GBX 545.35. Redrow plc has a 52-week low of GBX 362.60 and a 52-week high of GBX 622.50.
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Redrow plc Company Profile
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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