Redrow (LON:RDW)‘s stock had its “buy” rating restated by research analysts at Liberum Capital in a research report issued to clients and investors on Thursday. They presently have a GBX 730 ($10.25) price target on the stock. Liberum Capital’s target price points to a potential upside of 21.06% from the company’s previous close.
A number of other brokerages also recently issued reports on RDW. Peel Hunt reaffirmed a “buy” rating and issued a GBX 740 ($10.39) price target on shares of Redrow in a report on Thursday, November 9th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Redrow in a report on Friday, November 10th. increased their price objective on Redrow from GBX 582 ($8.17) to GBX 734 ($10.31) and gave the company a “buy” rating in a report on Monday, October 30th. Deutsche Bank reissued a “hold” rating and issued a GBX 668 ($9.38) price objective on shares of Redrow in a report on Thursday, November 30th. Finally, Barclays downgraded Redrow to an “equal weight” rating and set a GBX 688 ($9.66) price objective for the company. in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have given 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 an average target price of GBX 665 ($9.34).
Redrow (RDW) opened at GBX 603 ($8.47) on Thursday. The stock has a market capitalization of $2,230.00 and a P/E ratio of 861.43. Redrow has a fifty-two week low of GBX 437.20 ($6.14) and a fifty-two week high of GBX 673.50 ($9.46).
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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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