Redrow (RDW) Earns “Hold” Rating from Shore Capital
RDW has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their price target on Redrow from GBX 650 ($9.11) to GBX 680 ($9.53) and gave the stock an overweight rating in a research report on Thursday, December 14th. Peel Hunt reaffirmed a buy rating and set a GBX 740 ($10.38) price target on shares of Redrow in a research report on Monday, January 8th. Liberum Capital reaffirmed a buy rating and set a GBX 734 ($10.29) price target on shares of Redrow in a research report on Thursday, November 9th. Shore Capital Group reaffirmed a hold rating and set a GBX 607 ($8.51) price target on shares of Redrow in a research report on Tuesday, November 14th. Finally, Barclays decreased their price objective on Redrow from GBX 688 ($9.65) to GBX 650 ($9.11) and set an equal weight rating for the company in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Redrow currently has an average rating of Buy and an average target price of GBX 678 ($9.51).
Shares of Redrow (LON:RDW) opened at GBX 594 ($8.33) on Wednesday. Redrow has a 52-week low of GBX 461.15 ($6.47) and a 52-week high of GBX 673.50 ($9.44). The company has a market capitalization of $2,180.00 and a PE ratio of 761.54.
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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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