Deutsche Bank AG Increases Redrow plc (RDW) Price Target to GBX 668
Redrow plc (LON:RDW) had its target price lifted by stock analysts at Deutsche Bank AG from GBX 549 ($7.09) to GBX 668 ($8.63) in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 5.95% from the company’s previous close.
RDW has been the topic of several other reports. Beaufort Securities reiterated a “buy” rating and issued a GBX 720 ($9.30) target price on shares of Redrow plc in a report on Wednesday. Peel Hunt upped their target price on Redrow plc from GBX 675 ($8.72) to GBX 740 ($9.56) and gave the company a “buy” rating in a report on Tuesday, September 5th. Liberum Capital reiterated a “buy” rating and issued a GBX 561 ($7.25) target price on shares of Redrow plc in a report on Friday, June 9th. Numis Securities Ltd cut Redrow plc to an “add” rating and set a GBX 729 ($9.41) target price on the stock. in a report on Tuesday, September 5th. Finally, Barclays PLC reiterated an “overweight” rating and issued a GBX 688 ($8.89) target price on shares of Redrow plc in a report on Wednesday. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 646.91 ($8.35).
Redrow plc (LON RDW) traded up 0.32% on Thursday, reaching GBX 630.50. 620,605 shares of the company traded hands. Redrow plc has a one year low of GBX 366.50 and a one year high of GBX 666.00. The stock’s market capitalization is GBX 2.33 billion. The firm has a 50 day moving average of GBX 597.91 and a 200-day moving average of GBX 554.81.
Redrow plc (LON:RDW) last announced its earnings results on Monday, September 4th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Redrow plc had a return on equity of 21.11% and a net margin of 15.16%. On average, analysts anticipate that Redrow plc will post $63.36 EPS for the current year.
About Redrow plc
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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