J P Morgan Chase & Co Raises Redrow (RDW) Price Target to GBX 680
Redrow (LON:RDW) had its price objective increased by stock analysts at J P Morgan Chase & Co from GBX 650 ($8.75) to GBX 680 ($9.15) in a report released on Thursday. The brokerage presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price target indicates a potential upside of 9.24% from the stock’s current price.
A number of other research analysts also recently weighed in on RDW. Bank of America raised their target price on shares of Redrow from GBX 455 ($6.12) to GBX 530 ($7.13) and gave the company an “underperform” rating in a research report on Tuesday, September 12th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 740 ($9.96) target price on shares of Redrow in a research report on Wednesday, September 27th. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 668 ($8.99) target price on shares of Redrow in a research report on Thursday, November 30th. Shore Capital Group reaffirmed a “hold” rating and issued a GBX 607 ($8.17) target price on shares of Redrow in a research report on Tuesday, November 14th. Finally, Shore Capital reissued a “hold” rating on shares of Redrow in a research report on Tuesday, September 12th. One 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. Redrow has an average rating of “Buy” and an average price target of GBX 665.29 ($8.95).
Redrow (LON RDW) traded down GBX 10.50 ($0.14) during trading on Thursday, reaching GBX 622.50 ($8.38). 2,856,305 shares of the company were exchanged, compared to its average volume of 920,772. Redrow has a 1-year low of GBX 414.20 ($5.57) and a 1-year high of GBX 673.50 ($9.06).
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Redrow 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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