Redrow’s “Hold” Rating Reaffirmed at Deutsche Bank (RDW)
Redrow (LON:RDW)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Friday, American Banking & Market News reports. They currently have a GBX 294 ($4.84) price target on the stock. Deutsche Bank’s target price would indicate a potential downside of 9.54% from the stock’s previous close.
Redrow (LON:RDW) opened at 325.00 on Friday. Redrow has a one year low of GBX 168.50 and a one year high of GBX 339.00. The stock’s 50-day moving average is GBX 315. and its 200-day moving average is GBX 266.5. The company’s market cap is £1.176 billion.
RDW has been the subject of a number of other recent research reports. Analysts at Jefferies Group downgraded shares of Redrow to a “hold” rating in a research note to investors on Friday. They now have a GBX 344 ($5.67) 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 assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 304.75 ($5.02).
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.