Redrow plc (RDW) PT Raised to GBX 682
Redrow plc (LON:RDW) had its price objective raised by investment analysts at Jefferies Group LLC from GBX 666 ($8.47) to GBX 682 ($8.67) in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Jefferies Group LLC’s price target suggests a potential upside of 24.68% from the company’s current price.
Other research analysts also recently issued research reports about the stock. Liberum Capital reaffirmed a “buy” rating and issued a GBX 561 ($7.14) price target on shares of Redrow plc in a research note on Friday, June 9th. Deutsche Bank AG raised their price target on shares of Redrow plc from GBX 548 ($6.97) to GBX 549 ($6.98) and gave the stock a “hold” rating in a research note on Wednesday, May 31st. Peel Hunt raised their price target on shares of Redrow plc from GBX 650 ($8.27) to GBX 675 ($8.59) and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Shore Capital reaffirmed a “buy” rating on shares of Redrow plc in a research note on Friday, April 7th. Finally, JPMorgan Chase & Co. raised shares of Redrow plc to an “overweight” rating and raised their price target for the stock from GBX 500 ($6.36) to GBX 600 ($7.63) in a research note on Thursday, April 6th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 546.40 ($6.95).
Shares of Redrow plc (LON:RDW) traded up 0.82% during trading on Monday, hitting GBX 551.50. 307,012 shares of the company traded hands. Redrow plc has a 52 week low of GBX 100.00 and a 52 week high of GBX 597.50. The company’s market capitalization is GBX 2.00 billion. The company has a 50 day moving average price of GBX 566.26 and a 200 day moving average price of GBX 499.98.
In other Redrow plc news, insider Barbara Richmond sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of GBX 582 ($7.40), for a total transaction of £349,200 ($444,161.79).
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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