Redrow plc Given Consensus Recommendation of “Hold” by Analysts (LON:RDW)
Shares of Redrow plc (LON:RDW) have earned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the company, StockRatingsNetwork.com reports. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating 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).
RDW has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Redrow plc in a research note on Monday, July 7th. 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) opened at 252.10 on Tuesday. Redrow plc has a 52-week low of GBX 218.00 and a 52-week high of GBX 352.60. The stock’s 50-day moving average is GBX 264.3 and its 200-day moving average is GBX 300.4. The company’s market cap is £916.9 million.
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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