Redrow’s “Buy” Rating Reaffirmed at Citigroup Inc. (RDW)
Redrow (LON:RDW)‘s stock had its “buy” rating reiterated by Citigroup Inc. in a research note issued on Tuesday, Analyst Ratings Network reports. They currently have a GBX 265 ($4.28) price target on the stock. Citigroup Inc.’s price target suggests a potential upside of 13.73% from the stock’s previous close.
RDW has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of Redrow (LON:RDW) from GBX 270 ($4.36) to GBX 260 ($4.19) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 268.70 ($4.34).
Redrow (LON:RDW) opened at 233.84 on Tuesday. 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 235.4 and a 200-day moving average of GBX 219.3. The company’s market cap is £846.0 million.
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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