Redrow (RDW) Stock Rating Reaffirmed by Shore Capital
Redrow (LON:RDW)‘s stock had its “hold” rating reaffirmed by stock analysts at Shore Capital in a note issued to investors on Monday.
Several other equities research analysts have also recently weighed in on RDW. Liberum Capital reaffirmed a “buy” rating and issued a GBX 700 ($9.03) price target on shares of Redrow in a research note on Friday, May 25th. Berenberg Bank started coverage on Redrow in a research note on Wednesday, July 25th. They issued a “buy” rating and a GBX 650 ($8.38) price target on the stock. UBS Group reaffirmed a “buy” rating and issued a GBX 765 ($9.87) price target on shares of Redrow in a research note on Tuesday, August 14th. Citigroup started coverage on Redrow in a research note on Wednesday, August 29th. They issued a “buy” rating and a GBX 662 ($8.54) price target on the stock. Finally, Deutsche Bank reduced their price target on Redrow from GBX 672 ($8.67) to GBX 622 ($8.02) and set a “hold” rating on the stock in a research note on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. Redrow currently has a consensus rating of “Buy” and an average price target of GBX 680.40 ($8.78).
Shares of RDW stock opened at GBX 545 ($7.03) on Monday. Redrow has a twelve month low of GBX 488 ($6.30) and a twelve month high of GBX 673.50 ($8.69).
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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