Redrow plc (RDW) Receives Average Rating of “Buy” from Brokerages
Shares of Redrow plc (LON:RDW) have been given an average rating of “Buy” by the fourteen research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 665.29 ($8.90).
Several research firms recently issued reports on RDW. Shore Capital reissued a “hold” rating and issued a GBX 607 ($8.12) target price on shares of Redrow in a research report on Tuesday, November 14th. JPMorgan Chase & Co. raised their target price on shares of Redrow from GBX 600 ($8.02) to GBX 650 ($8.69) and gave the stock an “overweight” rating in a research report on Friday, September 29th. Peel Hunt reissued a “buy” rating and issued a GBX 740 ($9.89) target price on shares of Redrow in a research report on Tuesday, September 12th. Beaufort Securities reissued a “buy” rating and issued a GBX 720 ($9.63) target price on shares of Redrow in a research report on Wednesday, September 6th. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 734 ($9.81) target price on shares of Redrow in a research report on Thursday, November 9th.
Shares of Redrow (LON:RDW) opened at GBX 654.50 ($8.75) on Monday. Redrow has a 12-month low of GBX 420.67 ($5.62) and a 12-month high of GBX 673.50 ($9.01). The stock has a market cap of $2,420.00 and a P/E ratio of 935.00.
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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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