Deutsche Bank Reaffirms “Hold” Rating for Redrow (RDW)
Redrow (LON:RDW)‘s stock had its “hold” rating restated by analysts at Deutsche Bank in a report issued on Thursday. They currently have a GBX 668 ($8.95) target price on the stock. Deutsche Bank’s target price would indicate a potential upside of 10.78% from the company’s current price.
A number of other equities research analysts have also weighed in on the stock. Barclays lowered shares of Redrow to an “equal weight” rating and set a GBX 688 ($9.21) target price on the stock. in a report on Monday, October 30th. upped their target price on shares of Redrow from GBX 582 ($7.79) to GBX 734 ($9.83) and gave the stock a “buy” rating in a report on Monday, October 30th. Peel Hunt restated a “buy” rating and issued a GBX 740 ($9.91) target price on shares of Redrow in a report on Tuesday, September 12th. Liberum Capital restated a “buy” rating and issued a GBX 734 ($9.83) target price on shares of Redrow in a report on Thursday, November 9th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 600 ($8.04) price objective on shares of Redrow in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 663.14 ($8.88).
Redrow (LON RDW) traded down GBX 3 ($0.04) on Thursday, hitting GBX 603 ($8.08). 1,660,121 shares of the company were exchanged, compared to its average volume of 940,327. Redrow has a 12 month low of GBX 403.60 ($5.41) and a 12 month high of GBX 673.50 ($9.02).
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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