Redrow plc Given Consensus Rating of “Hold” by Brokerages (LON:RDW)
Shares of Redrow plc (LON:RDW) have been given an average rating of “Hold” by the thirteen ratings firms that are currently covering the stock, AR Network reports. Seven equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 344.73 ($5.91).
A number of analysts have recently weighed in on RDW shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Redrow plc in a research note on Monday. They now have a GBX 334 ($5.73) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Redrow plc in a research note on Thursday, July 3rd. They now have a GBX 360 ($6.17) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Redrow plc in a research note on Friday, June 27th. They now have a GBX 350 ($6.00) price target on the stock.
Shares of Redrow plc (LON:RDW) traded down 3.02% on Tuesday, hitting GBX 256.60. The stock had a trading volume of 111,150 shares. Redrow plc has a 1-year low of GBX 218.00 and a 1-year high of GBX 352.60. The stock’s 50-day moving average is GBX 266.1 and its 200-day moving average is GBX 301.7. The company’s market cap is £933.3 million.
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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