Redrow’s Hold Rating Reaffirmed at Deutsche Bank (RDW)
Redrow (LON:RDW)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Monday, AR Network reports. They currently have a GBX 258 ($4.13) target price on the stock. Deutsche Bank’s price objective suggests a potential upside of 9.18% from the company’s current price.
A number of other analysts have also recently weighed in on RDW. 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. Separately, 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. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Redrow (LON:RDW) in a research note to investors on Wednesday, September 18th. They now have a GBX 328 ($5.25) price target on the stock.
One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 269.70 ($4.32).
Redrow (LON:RDW) traded down 0.67% on Monday, hitting GBX 236.30. 211,765 shares of the company’s stock traded hands. 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 £842.7 million.
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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