Redrow plc Receives Consensus Rating of “Hold” from Brokerages (LON:RDW)
Redrow plc (LON:RDW) has been given a consensus recommendation of “Hold” by the fourteen analysts that are covering the stock, Analyst RN reports. Eight research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 318.53 ($5.30).
Shares of Redrow plc (LON:RDW) traded down 2.27% on Wednesday, hitting GBX 323.10. The stock had a trading volume of 86,749 shares. Redrow plc has a 52-week low of GBX 168.50 and a 52-week high of GBX 352.60. The stock has a 50-day moving average of GBX 327.8 and a 200-day moving average of GBX 276.4. The company’s market cap is £1.169 billion.
A number of research firms have recently commented on RDW. Analysts at JPMorgan Chase & Co. raised their price target on shares of Redrow plc from GBX 260 ($4.32) to GBX 350 ($5.82) in a research note on Friday, February 21st. They now have a “neutral” rating on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Redrow plc in a research note on Friday, February 21st. They now have a GBX 344 ($5.72) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Redrow plc in a research note on Friday, February 21st. They now have a GBX 294 ($4.89) price target on the stock.
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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