Redrow’s Hold Rating Reaffirmed at Deutsche Bank (RDW)
Redrow (LON:RDW)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a report released on Friday, StockRatingsNetwork.com reports. They currently have a GBX 241 ($3.77) target price on the stock. Deutsche Bank’s price target indicates a potential upside of 2.73% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Redrow (LON:RDW) in a research note to investors on Monday, September 2nd. They now have a GBX 255 ($3.99) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Redrow (LON:RDW) from GBX 197 ($3.08) to GBX 270 ($4.22) in a research note to investors on Thursday, July 11th. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Redrow (LON:RDW) in a research note to investors on Thursday, July 11th. They now have a GBX 270 ($4.22) price target on the stock.
One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Redrow has an average rating of “Hold” and a consensus target price of GBX 260.30 ($4.07).
Shares of Redrow (LON:RDW) traded down 1.28% during mid-day trading on Friday, hitting GBX 231.60. 113,385 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 237.1 and a 200-day moving average of GBX 217.5. The company’s market cap is £845.3 million.
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.