Redrow (RDW) Price Target Raised to GBX 680 at J P Morgan Chase & Co
Redrow (LON:RDW) had its target price boosted by J P Morgan Chase & Co from GBX 650 ($8.75) to GBX 680 ($9.15) in a report published on Thursday. They currently have an overweight rating on the stock.
RDW has been the topic of a number of other reports. Shore Capital restated a hold rating and set a GBX 607 ($8.17) price target on shares of Redrow in a research report on Tuesday, November 14th. Deutsche Bank restated a hold rating and set a GBX 549 ($7.39) price target on shares of Redrow in a research report on Friday, September 1st. Barclays restated an overweight rating and set a GBX 688 ($9.26) price target on shares of Redrow in a research report on Wednesday, September 6th. Liberum Capital boosted their price target on shares of Redrow from GBX 601 ($8.09) to GBX 734 ($9.88) and gave the stock a buy rating in a research report on Tuesday, October 24th. Finally, Numis Securities lowered shares of Redrow to an add rating and set a GBX 729 ($9.81) price target on the stock. in a research report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of GBX 665.29 ($8.95).
Redrow (LON RDW) traded down GBX 10.50 ($0.14) on Thursday, reaching GBX 622.50 ($8.38). 2,355,838 shares of the company were exchanged, compared to its average volume of 941,060. Redrow has a 52-week low of GBX 414.20 ($5.57) 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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