Redrow plc (RDW) Given Consensus Rating of “Buy” by Analysts
Redrow plc (LON:RDW) has been given an average rating of “Buy” by the fourteen analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 664.15 ($8.94).
A number of brokerages have weighed in on RDW. Deutsche Bank restated a “hold” rating and set a GBX 668 ($8.99) price objective on shares of Redrow in a research note on Thursday, November 30th. J P Morgan Chase & Co raised their price objective on Redrow from GBX 600 ($8.08) to GBX 650 ($8.75) and gave the company an “overweight” rating in a research note on Friday, September 29th. Bank of America raised their price objective on Redrow from GBX 455 ($6.12) to GBX 530 ($7.13) and gave the company an “underperform” rating in a research note on Tuesday, September 12th. Peel Hunt restated a “buy” rating and set a GBX 740 ($9.96) price objective on shares of Redrow in a research note on Wednesday, September 27th. Finally, Shore Capital Group restated a “hold” rating and set a GBX 607 ($8.17) price objective on shares of Redrow in a research note on Tuesday, November 14th.
Shares of Redrow (RDW) opened at GBX 621 ($8.36) on Thursday. Redrow has a 52 week low of GBX 407.50 ($5.48) and a 52 week high of GBX 673.50 ($9.06).
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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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