Redrow plc Given Overweight Rating at Barclays (RDW)
Redrow plc (LON:RDW)‘s stock had its “overweight” rating reissued by Barclays in a research note issued on Tuesday. They currently have a GBX 418 ($6.94) price target on the stock. Barclays’ price target would suggest a potential upside of 49.61% from the stock’s previous close.
A number of other firms have also recently commented on RDW. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Redrow plc in a research note on Tuesday. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Redrow plc in a research note on Tuesday. They now have a GBX 307 ($5.09) 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 Tuesday. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 346.75 ($5.75).
Redrow plc (LON:RDW) opened at 281.10 on Tuesday. Redrow plc has a 1-year low of GBX 218.00 and a 1-year high of GBX 352.60. The stock has a 50-day moving average of GBX 253.4 and a 200-day moving average of GBX 282.9. The company’s market cap is £1.022 billion.
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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