Redrow plc Given Average Recommendation of “Hold” by Brokerages (LON:RDW)
Redrow plc (LON:RDW) has earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the stock, StockRatingsNetwork.com reports. Seven equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 343.55 ($5.74).
Shares of Redrow plc (LON:RDW) traded up 1.88% during mid-day trading on Tuesday, hitting GBX 264.90. The stock had a trading volume of 152,154 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 250.2 and a 200-day moving average of GBX 286.3. The company’s market cap is £963.4 million.
A number of research firms have recently commented on RDW. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Redrow plc in a research note on Friday, August 1st. They now have a GBX 334 ($5.58) price target on the stock. Finally, analysts at Liberum Capital cut their price target on shares of Redrow plc from GBX 320 ($5.35) to GBX 307 ($5.13) in a research note on Friday, July 18th. They now have a “buy” rating on the stock.
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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