Redrow (RDW) Earns “Hold” Rating from Shore Capital
Redrow (LON:RDW)‘s stock had its “hold” rating reiterated by equities researchers at Shore Capital in a research report issued to clients and investors on Thursday.
Several other equities analysts also recently weighed in on RDW. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 750 ($10.36) price target on shares of Redrow in a research note on Wednesday, February 7th. JPMorgan Chase & Co. raised their price target on shares of Redrow from GBX 650 ($8.98) to GBX 680 ($9.39) and gave the stock an “overweight” rating in a research note on Thursday, December 14th. Peel Hunt reaffirmed a “buy” rating and set a GBX 740 ($10.22) price target on shares of Redrow in a research note on Monday, January 8th. Barclays decreased their price target on shares of Redrow from GBX 688 ($9.51) to GBX 650 ($8.98) and set an “equal weight” rating on the stock in a research note on Monday, February 5th. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of Redrow in a research note on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Redrow currently has a consensus rating of “Buy” and an average price target of GBX 680.15 ($9.40).
Redrow stock opened at GBX 605 ($8.36) on Thursday. Redrow has a twelve month low of GBX 488 ($6.74) and a twelve month high of GBX 673.50 ($9.31). The firm has a market cap of $2,210.00 and a PE ratio of 775.64.
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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