Redrow plc (RDW) Given Consensus Rating of “Buy” by Analysts
Shares of Redrow plc (LON:RDW) have earned a consensus recommendation of “Buy” from the thirteen research firms that are currently covering the company. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 544.70 ($7.03).
RDW has been the subject of a number of recent analyst reports. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 548 ($7.07) target price on shares of Redrow plc in a research note on Thursday, May 4th. Peel Hunt lifted their target price on shares of Redrow plc from GBX 650 ($8.39) to GBX 675 ($8.71) and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Jefferies Group LLC lifted their target price on shares of Redrow plc from GBX 515 ($6.65) to GBX 666 ($8.60) and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Shore Capital reiterated a “buy” rating on shares of Redrow plc in a research note on Friday, April 7th. Finally, JPMorgan Chase & Co. upgraded shares of Redrow plc to an “overweight” rating and lifted their target price for the stock from GBX 500 ($6.45) to GBX 600 ($7.74) in a research note on Thursday, April 6th.
In other Redrow plc news, insider Barbara Richmond sold 60,000 shares of Redrow plc stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of GBX 582 ($7.51), for a total transaction of £349,200 ($450,755.13).
Shares of Redrow plc (LON:RDW) traded up 0.61% on Friday, hitting GBX 577.50. 720,609 shares of the stock traded hands. Redrow plc has a 52-week low of GBX 100.00 and a 52-week high of GBX 597.50. The stock’s market cap is GBX 2.08 billion. The stock’s 50 day moving average price is GBX 554.10 and its 200 day moving average price is GBX 473.80.
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Redrow plc Company Profile
Redrow PLC is engaged in residential housing development. The Company is engaged in constructing homes throughout England and Wales. The Company’s operations are focused on housebuilding. Its product range is focused on traditional family housing in its regional businesses and apartment schemes in Greater London.
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