Redrow (RDW) Rating Reiterated by Deutsche Bank
Redrow (LON:RDW)‘s stock had its “hold” rating reiterated by Deutsche Bank in a research report issued on Monday. They presently have a GBX 668 ($8.99) price target on the stock. Deutsche Bank’s target price suggests a potential upside of 3.49% from the company’s current price.
A number of other equities research analysts also recently weighed in on RDW. Peel Hunt raised their target price on Redrow from GBX 675 ($9.08) to GBX 740 ($9.96) and gave the company a “buy” rating in a report on Tuesday, September 5th. Liberum Capital reiterated a “buy” rating and issued a GBX 601 ($8.09) price target on shares of Redrow in a research note on Tuesday, September 5th. Numis Securities cut Redrow to an “add” rating and set a GBX 729 ($9.81) price target for the company. in a research note on Tuesday, September 5th. Barclays reiterated an “overweight” rating and issued a GBX 688 ($9.26) price target on shares of Redrow in a research note on Wednesday, September 6th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 600 ($8.08) price target on shares of Redrow in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 665.29 ($8.95).
Shares of Redrow (LON:RDW) opened at GBX 645.50 ($8.69) on Monday. Redrow has a twelve month low of GBX 417.50 ($5.62) and a twelve month 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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