Redrow Stock Rating Lowered by Jefferies Group (RDW)
Redrow (LON:RDW) was downgraded by analysts at Jefferies Group to a “hold” rating in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. They currently have a GBX 344 ($5.67) target price on the stock. Jefferies Group’s price objective would indicate a potential upside of 5.85% from the company’s current price.
Redrow (LON:RDW) opened at 325.00 on Friday. Redrow has a 1-year low of GBX 168.50 and a 1-year high of GBX 339.00. The stock has a 50-day moving average of GBX 315. and a 200-day moving average of GBX 266.5. The company’s market cap is £1.176 billion.
A number of other firms have also recently commented on RDW. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Redrow in a research note to investors on Monday, January 20th. They now have a GBX 294 ($4.84) price target on the stock. Separately, analysts at Davy Research reiterated a “neutral” rating on shares of Redrow in a research note to investors on Monday, January 13th. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Redrow in a research note to investors on Friday, January 10th. They now have a GBX 320 ($5.27) price target on the stock. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 304.75 ($5.02).
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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