Redrow (LON:RDW)‘s stock had its “hold” rating restated by Deutsche Bank in a note issued to investors on Thursday. They presently have a GBX 668 ($8.95) price objective on the stock. Deutsche Bank’s price objective indicates a potential upside of 10.87% from the company’s current price.
A number of other equities research analysts have also commented on the company. Shore Capital Group restated a “hold” rating and set a GBX 607 ($8.13) price target on shares of Redrow in a research report on Tuesday, November 14th. Shore Capital restated a “hold” rating and set a GBX 607 ($8.13) price target on shares of Redrow in a research report on Tuesday, November 14th. J P Morgan Chase & Co restated an “overweight” rating on shares of Redrow in a research report on Friday, November 10th. Peel Hunt restated a “buy” rating and set a GBX 740 ($9.91) price target on shares of Redrow in a research report on Thursday, November 9th. Finally, Liberum Capital restated a “buy” rating and set a GBX 734 ($9.83) price target on shares of Redrow in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 663.14 ($8.88).
Shares of Redrow (LON RDW) opened at GBX 602.50 ($8.07) on Thursday. Redrow has a 12 month low of GBX 403.60 ($5.41) and a 12 month high of GBX 673.50 ($9.02).
In other news, insider Steve Morgan sold 12,950,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of GBX 590 ($7.90), for a total value of £76,405,000 ($102,323,556.98). Also, insider John F. Tutte sold 89,447 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of GBX 627 ($8.40), for a total value of £560,832.69 ($751,081.68). In the last ninety days, insiders have sold 13,053,353 shares of company stock worth $7,704,486,599.
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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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