Redrow PT Raised to GBX 383.40 at Barclays (RDW)
Investment analysts at Barclays upped their price target on shares of Redrow (LON:RDW) from GBX 356 ($5.85) to GBX 383.40 ($6.30) in a note issued to investors on Tuesday, Stock Ratings News reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price points to a potential upside of 20.00% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Redrow in a research note to investors on Friday. They now have a GBX 294 ($4.83) price target on the stock. Separately, 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 ($5.65) price target on the stock. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Redrow has a consensus rating of “Hold” and an average target price of GBX 307.03 ($5.05).
Shares of Redrow (LON:RDW) traded down 0.65% on Tuesday, hitting GBX 319.50. 125,025 shares of the company’s stock traded hands. Redrow has a 52-week low of GBX 168.50 and a 52-week high of GBX 339.00. The stock’s 50-day moving average is GBX 317.8 and its 200-day moving average is GBX 267.7. The company’s market cap is £1.156 billion.
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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