Redrow Stock Rating Reaffirmed by Citigroup Inc. (RDW)
Redrow (LON:RDW)‘s stock had its “neutral” rating restated by research analysts at Citigroup Inc. in a report released on Tuesday, American Banking News.com reports. They currently have a GBX 320 ($5.25) price objective on the stock. Citigroup Inc.’s price target would indicate a potential downside of 3.18% from the stock’s previous close.
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 in a research note to investors on Monday, December 16th. They now have a GBX 294 ($4.82) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Redrow in a research note to investors on Friday, December 6th. They now have a GBX 320 ($5.25) price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Redrow from GBX 328 ($5.38) to GBX 344 ($5.64) in a research note to investors on Friday, December 6th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 304.75 ($5.00).
Shares of Redrow (LON:RDW) opened at 330.50 on Tuesday. Redrow has a 52 week low of GBX 167.00 and a 52 week high of GBX 330.90. The stock’s 50-day moving average is GBX 291.5 and its 200-day moving average is GBX 254.9. The company’s market cap is £1.196 billion.
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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