Redrow plc Rating Reiterated by Deutsche Bank (RDW)
Redrow plc (LON:RDW)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Friday. They currently have a GBX 334 ($5.67) price target on the stock. Deutsche Bank’s price target would indicate a potential upside of 36.77% from the company’s current price.
Shares of Redrow plc (LON:RDW) traded down 0.12% during mid-day trading on Friday, hitting GBX 244.20. The stock had a trading volume of 531,415 shares. Redrow plc has a 52-week low of GBX 218.00 and a 52-week high of GBX 352.60. The stock has a 50-day moving average of GBX 255.1 and a 200-day moving average of GBX 293.3. The company’s market cap is £888.2 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital cut their price target on shares of Redrow plc from GBX 320 ($5.43) to GBX 307 ($5.21) in a research note on Friday, July 18th. They now have a “buy” rating 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 ($6.11) 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 ($5.94) price target on the stock. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 343.55 ($5.83).
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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