Redrow plc Rating Increased to Buy at Jefferies Group (RDW)
Redrow plc (LON:RDW) was upgraded by research analysts at Jefferies Group to a “buy” rating in a report released on Wednesday, AnalystRatings.Net reports. The firm currently has a GBX 360 ($6.05) price target on the stock, up from their previous price target of GBX 344 ($5.78). Jefferies Group’s price objective indicates a potential upside of 18.03% from the company’s current price.
Redrow plc (LON:RDW) opened at 305.00 on Wednesday. Redrow plc has a 1-year low of GBX 206.42 and a 1-year high of GBX 352.60. The stock has a 50-day moving average of GBX 304.7 and a 200-day moving average of GBX 301.0. The company’s market cap is £1.109 billion.
RDW has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Redrow plc in a research note on Tuesday, April 29th. They now have a GBX 396 ($6.65) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Redrow plc in a research note on Wednesday, April 23rd. They now have a GBX 322 ($5.41) 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, April 4th. They now have a GBX 322 ($5.41) price target on the stock. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Redrow plc has a consensus rating of “Buy” and a consensus target price of GBX 344.17 ($5.78).
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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