Redrow PT Raised to GBX 260 (RDW)
Stock analysts at Numis Securities Ltd hoisted their price target on shares of Redrow (LON:RDW) from GBX 230 ($3.68) to GBX 260 ($4.16) in a report issued on Monday, StockRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s target price indicates a potential upside of 9.29% from the stock’s previous close.
Redrow (LON:RDW) opened at 236.68 on Monday. 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 235.4 and a 200-day moving average of GBX 219.3. The company’s market cap is £844.1 million.
RDW has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Redrow (LON:RDW) in a research note to investors on Monday. They now have a GBX 258 ($4.13) price target on the stock. Separately, analysts at Beaufort Securities initiated coverage on shares of Redrow (LON:RDW) in a research note to investors on Thursday. They set a “hold” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Redrow (LON:RDW) from GBX 255 ($4.08) to GBX 265 ($4.24) in a research note to investors on Thursday. They now have a “buy” 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 stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 269.70 ($4.32).
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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