Redrow plc (RDW) PT Raised to GBX 650 at JPMorgan Chase & Co.
Redrow plc (LON:RDW) had its target price raised by JPMorgan Chase & Co. from GBX 600 ($8.07) to GBX 650 ($8.74) in a research report issued on Friday. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 9.70% from the stock’s current price.
Several other brokerages have also weighed in on RDW. Beaufort Securities restated a “buy” rating and issued a GBX 720 ($9.68) price objective on shares of Redrow plc in a report on Wednesday, September 6th. Barclays PLC restated an “overweight” rating and issued a GBX 688 ($9.25) price objective on shares of Redrow plc in a report on Wednesday, September 6th. Peel Hunt restated a “buy” rating and issued a GBX 740 ($9.95) price objective on shares of Redrow plc in a report on Tuesday, September 12th. Liberum Capital restated a “buy” rating and issued a GBX 601 ($8.08) price objective on shares of Redrow plc in a report on Tuesday, September 12th. Finally, Shore Capital restated a “hold” rating on shares of Redrow plc in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 641.33 ($8.62).
Redrow plc (RDW) opened at 592.50 on Friday. The company’s market cap is GBX 2.14 billion. The firm has a 50 day moving average price of GBX 594.95 and a 200 day moving average price of GBX 559.92. Redrow plc has a 12-month low of GBX 366.50 and a 12-month high of GBX 666.00.
In related news, insider Vanda Murray acquired 3,500 shares of the stock in a transaction dated Monday, September 25th. The stock was bought at an average price of GBX 562 ($7.56) per share, with a total value of £19,670 ($26,452.39). Also, insider Barbara Richmond sold 7,240 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of GBX 553 ($7.44), for a total transaction of £40,037.20 ($53,842.39). Insiders have sold 13,053,353 shares of company stock valued at $7,704,486,599 in the last three months.
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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