Redrow Receives New Coverage from Analysts at Beaufort Securities (RDW)
Research analysts at Beaufort Securities assumed coverage on shares of Redrow (LON:RDW) in a report released on Thursday, Analyst Ratings Network reports. The firm set a “hold” rating on the stock.
Redrow (LON:RDW) opened at 238.00 on Thursday. Redrow has a one year low of GBX 144.20 and a one year high of GBX 259.80. The stock has a 50-day moving average of GBX 235.8 and a 200-day moving average of GBX 219.0. The company’s market cap is £868.7 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. raised their price target on shares of Redrow (LON:RDW) from GBX 255 ($4.05) to GBX 265 ($4.21) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Redrow (LON:RDW) in a research note to investors on Wednesday. They now have a GBX 328 ($5.21) price target on the stock. Finally, analysts at Panmure Gordon raised their price target on shares of Redrow (LON:RDW) from GBX 214 ($3.40) to GBX 222 ($3.52) in a research note to investors on Monday. They now have a “hold” rating on the stock.
One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Redrow currently has an average rating of “Hold” and an average price target of GBX 265 ($4.21).
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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