Redrow plc (RDW) Given Consensus Recommendation of “Buy” by Analysts
Redrow plc (LON:RDW) has received an average recommendation of “Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 592.50 ($7.82).
Several brokerages recently commented on RDW. Liberum Capital raised their target price on Redrow plc from GBX 561 ($7.40) to GBX 601 ($7.93) and gave the company a “buy” rating in a report on Wednesday, July 19th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 548 ($7.23) target price on shares of Redrow plc in a report on Thursday, May 4th. Barclays PLC raised their target price on Redrow plc from GBX 558 ($7.36) to GBX 630 ($8.31) and gave the company an “overweight” rating in a report on Thursday, July 13th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 600 ($7.91) target price on shares of Redrow plc in a report on Friday, July 7th. Finally, Jefferies Group LLC raised their target price on Redrow plc from GBX 666 ($8.79) to GBX 682 ($9.00) and gave the company a “buy” rating in a report on Monday, June 26th.
In other news, insider Barbara Richmond sold 60,000 shares of Redrow plc stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of GBX 582 ($7.68), for a total value of £349,200 ($460,625.25).
Shares of Redrow plc (RDW) traded down 1.26% during mid-day trading on Friday, reaching GBX 587.00. 554,565 shares of the company’s stock were exchanged. The stock’s market cap is GBX 2.13 billion. The stock has a 50 day moving average price of GBX 562.84 and a 200 day moving average price of GBX 528.67. Redrow plc has a 52 week low of GBX 311.40 and a 52 week high of GBX 597.50.
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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