Redrow (RDW) Stock Rating Reaffirmed by Liberum Capital
Redrow (LON:RDW)‘s stock had its “buy” rating restated by research analysts at Liberum Capital in a report released on Thursday. They presently have a GBX 600 ($7.84) target price on the stock. Liberum Capital’s target price would suggest a potential upside of 24.28% from the stock’s current price.
RDW has been the topic of a number of other reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Redrow in a research note on Tuesday, September 25th. Shore Capital reiterated a “hold” rating on shares of Redrow in a research note on Wednesday, November 7th. UBS Group reiterated a “buy” rating and issued a GBX 765 ($10.00) target price on shares of Redrow in a research note on Tuesday, August 14th. Deutsche Bank dropped their target price on shares of Redrow from GBX 672 ($8.78) to GBX 622 ($8.13) and set a “hold” rating on the stock in a research note on Thursday, August 30th. Finally, Peel Hunt reiterated a “buy” rating on shares of Redrow in a research note on Wednesday, November 7th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 697.50 ($9.11).
RDW traded down GBX 2.40 ($0.03) during midday trading on Thursday, reaching GBX 482.80 ($6.31). The company had a trading volume of 1,003,279 shares, compared to its average volume of 997,321. Redrow has a 12-month low of GBX 488 ($6.38) and a 12-month high of GBX 673.50 ($8.80).
Redrow Company Profile
Redrow plc focuses on housebuilding activities in the United Kingdom. The company acquires land; and develops residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.
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