Deutsche Bank Reiterates “Hold” Rating for Redrow plc (RDW)
Redrow plc (LON:RDW)‘s stock had its “hold” rating reiterated by Deutsche Bank in a research note issued on Tuesday. They currently have a GBX 334 ($5.68) price objective on the stock. Deutsche Bank’s price target would suggest a potential upside of 32.28% from the stock’s previous close.
Shares of Redrow plc (LON:RDW) traded down 0.98% during mid-day trading on Tuesday, hitting GBX 252.50. 397,202 shares of the company’s stock traded hands. Redrow plc has a one year low of GBX 213.90 and a one year high of GBX 352.60. The stock has a 50-day moving average of GBX 270.7 and a 200-day moving average of GBX 302.7. The company’s market cap is £918.3 million.
A number of other firms have also recently commented on RDW. Analysts at Liberum Capital reiterated a “buy” rating on shares of Redrow plc in a research note on Thursday, June 19th. They now have a GBX 320 ($5.45) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Redrow plc in a research note on Monday, June 16th. They now have a GBX 365 ($6.21) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Redrow plc in a research note on Friday, May 2nd. They now have a GBX 365 ($6.21) price target on the stock. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Redrow plc currently has a consensus rating of “Buy” and an average price target of GBX 344.73 ($5.87).
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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