Redrow PT Lowered to GBX 260 (RDW)
Research analysts at JPMorgan Chase & Co. decreased their target price on shares of Redrow (LON:RDW) from GBX 270 ($4.36) to GBX 260 ($4.19) in a report released on Monday, American Banking and Market News reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 14.84% from the stock’s previous close.
A number of other analysts have also recently weighed in on RDW. Analysts at Numis Securities Ltd raised their price target on shares of Redrow (LON:RDW) from GBX 230 ($3.71) to GBX 260 ($4.19) in a research note to investors on Monday, September 23rd. They now have a “hold” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Redrow (LON:RDW) in a research note to investors on Monday, September 23rd. They now have a GBX 258 ($4.16) price target on the stock. Finally, analysts at Beaufort Securities initiated coverage on shares of Redrow (LON:RDW) in a research note to investors on Thursday, September 19th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Redrow currently has a consensus rating of “Hold” and an average target price of GBX 268.70 ($4.34).
Redrow (LON:RDW) opened at 231.87 on Monday. Redrow has a 52-week low of GBX 144.20 and a 52-week 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 £838.9 million.
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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