Redrow (RDW) Price Target Cut to GBX 622 by Analysts at Deutsche Bank
Redrow (LON:RDW) had its target price decreased by Deutsche Bank from GBX 672 ($8.67) to GBX 622 ($8.02) in a research report report published on Thursday morning. Deutsche Bank currently has a hold rating on the stock.
RDW has been the topic of a number of other reports. UBS Group restated a buy rating and set a GBX 765 ($9.87) target price on shares of Redrow in a research report on Tuesday, August 14th. Berenberg Bank began coverage on shares of Redrow in a research note on Wednesday, July 25th. They issued a buy rating and a GBX 650 ($8.38) price target on the stock. Liberum Capital reaffirmed a buy rating and issued a GBX 700 ($9.03) price target on shares of Redrow in a research note on Friday, May 25th. Finally, Citigroup began coverage on shares of Redrow in a research note on Wednesday. They issued a buy rating and a GBX 662 ($8.54) price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of GBX 680.40 ($8.78).
Shares of LON:RDW traded up GBX 3.50 ($0.05) during trading on Thursday, reaching GBX 550.50 ($7.10). 297,587 shares of the company’s stock traded hands, compared to its average volume of 997,321. Redrow has a fifty-two week low of GBX 488 ($6.30) and a fifty-two week high of GBX 673.50 ($8.69).
Redrow plc focuses on housebuilding activities in the United Kingdom. The company acquires land; and develops residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.
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