Redrow plc (RDW) Given Consensus Rating of “Buy” by Brokerages
Redrow plc (LON:RDW) has received an average recommendation of “Buy” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 573.67 ($7.43).
RDW has been the subject of a number of analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Redrow plc in a research report on Wednesday, March 22nd. Liberum Capital reissued a “hold” rating and issued a GBX 415 ($5.38) price objective on shares of Redrow plc in a research report on Wednesday, March 22nd. J P Morgan Chase & Co reissued a “neutral” rating on shares of Redrow plc in a research report on Thursday, March 23rd. Canaccord Genuity lifted their price objective on shares of Redrow plc from GBX 540 ($6.99) to GBX 545 ($7.06) and gave the company a “buy” rating in a research report on Thursday, March 23rd. Finally, Peel Hunt raised their target price on shares of Redrow plc from GBX 620 ($8.03) to GBX 650 ($8.42) and gave the stock a “buy” rating in a research note on Wednesday, March 29th.
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Redrow plc (LON RDW) traded up 0.45% on Monday, reaching GBX 559.50. 376,365 shares of the company’s stock traded hands. The firm’s market capitalization is GBX 2.03 billion. Redrow plc has a 52-week low of GBX 287.75 and a 52-week high of GBX 597.50. The firm’s 50 day moving average price is GBX 560.00 and its 200 day moving average price is GBX 505.13.
In other Redrow plc news, insider Barbara Richmond sold 60,000 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of GBX 582 ($7.54), for a total transaction of £349,200 ($452,331.61).
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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