Deutsche Bank Reiterates “Hold” Rating for Redrow (RDW)
Redrow (LON:RDW)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Monday, AnalystRatingsNetwork reports. They currently have a GBX 278 ($4.44) price target on the stock. Deutsche Bank’s price objective indicates a potential upside of 10.76% from the company’s current price.
Shares of Redrow (LON:RDW) traded up 1.21% on Monday, hitting GBX 251.00. 185,342 shares of the company’s stock traded hands. 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 £908.1 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Redrow in a research note to investors on Friday, October 4th. They now have a GBX 328 ($5.24) price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Redrow in a research note to investors on Thursday, October 3rd. They now have a GBX 300 ($4.79) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Redrow in a research note to investors on Tuesday, October 1st. They now have a GBX 265 ($4.23) 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 assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 270.70 ($4.32).
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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