Redrow plc Receives “Hold” Rating from Deutsche Bank (RDW)
Redrow plc (LON:RDW)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Friday, American Banking & Market News reports. They currently have a GBX 294 ($4.93) target price on the stock. Deutsche Bank’s target price indicates a potential downside of 14.34% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Redrow plc in a research note on Monday, February 10th. They now have a GBX 320 ($5.36) price target on the stock. Separately, analysts at Goldman Sachs downgraded shares of Redrow plc to a “neutral” rating in a research note on Monday, February 10th. They now have a GBX 341 ($5.71) price target on the stock. Finally, analysts at Barclays raised their price target on shares of Redrow plc from GBX 356 ($5.97) to GBX 383.40 ($6.43) in a research note on Tuesday, February 4th. They now have an “overweight” rating on the stock. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 318.53 ($5.34).
Shares of Redrow plc (LON:RDW) opened at 343.20 on Friday. Redrow plc has a 1-year low of GBX 168.50 and a 1-year high of GBX 352.60. The stock’s 50-day moving average is GBX 327.2 and its 200-day moving average is GBX 274.9. The company’s market cap is £1.242 billion.
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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