Peel Hunt Reaffirms “Buy” Rating for Redrow (RDW)

Redrow (LON:RDW)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a report released on Wednesday.

Other analysts have also recently issued research reports about the stock. Liberum Capital reaffirmed a “buy” rating on shares of Redrow in a report on Tuesday, October 30th. Numis Securities reissued a “buy” rating on shares of Redrow in a report on Wednesday, September 5th. Citigroup reissued a “buy” rating and set a GBX 670 ($8.75) price objective (up previously from GBX 390 ($5.10)) on shares of Redrow in a report on Wednesday, September 5th. Canaccord Genuity reissued a “buy” rating and set a GBX 750 ($9.80) price objective on shares of Redrow in a report on Tuesday, September 4th. Finally, UBS Group reissued a “buy” rating and set a GBX 765 ($10.00) price objective on shares of Redrow in a report on Tuesday, August 14th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 690.75 ($9.03).

Shares of LON:RDW opened at GBX 564.50 ($7.38) on Wednesday. Redrow has a fifty-two week low of GBX 488 ($6.38) and a fifty-two week high of GBX 673.50 ($8.80).

In other Redrow news, insider Barbara Richmond sold 29,903 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of GBX 591 ($7.72), for a total transaction of £176,726.73 ($230,924.77).

About Redrow

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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Analyst Recommendations for Redrow (LON:RDW)

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