Redrow plc (RDW) Stock Rating Reaffirmed by Liberum Capital
Redrow plc (LON:RDW)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a report released on Tuesday. They presently have a GBX 601 ($7.76) price target on the stock. Liberum Capital’s price objective indicates a potential downside of 4.75% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Deutsche Bank AG increased their price objective on Redrow plc from GBX 548 ($7.08) to GBX 549 ($7.09) and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Peel Hunt increased their price objective on Redrow plc from GBX 675 ($8.72) to GBX 740 ($9.56) and gave the stock a “buy” rating in a research report on Tuesday. Barclays PLC increased their price objective on Redrow plc from GBX 558 ($7.21) to GBX 630 ($8.14) and gave the stock an “overweight” rating in a research report on Thursday, July 13th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 600 ($7.75) price objective on shares of Redrow plc in a research report on Friday, July 7th. Finally, Jefferies Group LLC increased their price objective on Redrow plc from GBX 666 ($8.60) to GBX 682 ($8.81) and gave the stock a “buy” rating in a research report on Monday, June 26th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 646.91 ($8.35).
Shares of Redrow plc (RDW) opened at 630.00 on Tuesday. Redrow plc has a 52 week low of GBX 366.50 and a 52 week high of GBX 666.00. The stock’s market cap is GBX 2.29 billion. The stock’s 50 day moving average price is GBX 594.73 and its 200-day moving average price is GBX 553.76.
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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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