Panmure Gordon Increases Redrow Price Target to GBX 222 (RDW)
Stock analysts at Panmure Gordon hoisted their price objective on shares of Redrow (LON:RDW) from GBX 214 ($3.40) to GBX 222 ($3.52) in a report issued on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Panmure Gordon’s price target would indicate a potential downside of 4.15% from the stock’s previous close.
Shares of Redrow (LON:RDW) opened at 236.949 on Monday. Redrow has a 1-year low of GBX 144.20 and a 1-year high of GBX 259.80. The stock has a 50-day moving average of GBX 236. and a 200-day moving average of GBX 217.6. The company’s market cap is £864.9 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Redrow (LON:RDW) in a research note to investors on Friday. They now have a GBX 241 ($3.83) price target on the stock. Finally, 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 ($4.05) price target on the stock.
One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 264 ($4.19).
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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