Redrow Rating Reiterated by Deutsche Bank (RDW)
Redrow (LON:RDW)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a report issued on Monday, AmericanBankingNews.com reports. They currently have a GBX 294 ($4.82) price target on the stock. Deutsche Bank’s price objective indicates a potential downside of 8.33% from the company’s current price.
RDW has been the subject of a number of other recent research reports. Analysts at Goldman Sachs downgraded shares of Redrow to a “neutral” rating in a research note to investors on Monday. They now have a GBX 341 ($5.59) price target on the stock. Separately, analysts at Barclays raised their price target on shares of Redrow from GBX 356 ($5.84) to GBX 383.40 ($6.29) in a research note to investors on Tuesday, February 4th. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group downgraded shares of Redrow to a “hold” rating in a research note to investors on Friday, January 31st. They now have a GBX 344 ($5.64) price target on the stock. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 311.03 ($5.10).
Redrow (LON:RDW) traded down 2.08% during mid-day trading on Monday, hitting GBX 320.70. 277,847 shares of the company’s stock traded hands. Redrow has a 1-year low of GBX 168.50 and a 1-year high of GBX 339.00. The stock’s 50-day moving average is GBX 320.8 and its 200-day moving average is GBX 269.1. The company’s market cap is £1.160 billion.
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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