Peel Hunt reiterated their buy rating on shares of Redrow (LON:RDW) in a research report report published on Monday, January 8th. Peel Hunt currently has a GBX 740 ($10.04) price objective on the stock.
A number of other research firms also recently issued reports on RDW. JPMorgan Chase & Co. restated an overweight rating on shares of Redrow in a research note on Friday, November 10th. raised their price target on Redrow from GBX 582 ($7.89) to GBX 734 ($9.95) and gave the stock a buy rating in a research note on Monday, October 30th. Liberum Capital restated a buy rating and issued a GBX 601 ($8.15) price target on shares of Redrow in a research note on Tuesday, September 12th. Deutsche Bank restated a hold rating and issued a GBX 668 ($9.06) price target on shares of Redrow in a research note on Thursday, November 30th. Finally, Barclays downgraded Redrow to an equal weight rating and set a GBX 688 ($9.33) price target on the stock. in a research note on Monday, October 30th. 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 stock has a consensus rating of Buy and a consensus target price of GBX 665 ($9.02).
Shares of Redrow (RDW) traded up GBX 1.50 ($0.02) on Monday, reaching GBX 642.50 ($8.71). The company’s stock had a trading volume of 289,391 shares, compared to its average volume of 744,052. The stock has a market cap of $2,370.00 and a P/E ratio of 917.86. Redrow has a 1-year low of GBX 431.50 ($5.85) and a 1-year high of GBX 673.50 ($9.13).
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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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