Redrow (LON:RDW)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a research note issued to investors on Friday. They presently have a GBX 700 ($9.39) target price on the stock. Liberum Capital’s price objective would indicate a potential upside of 12.99% from the stock’s current price.
RDW has been the topic of a number of other reports. Numis Securities raised shares of Redrow to a “buy” rating and set a GBX 729 ($9.78) target price on the stock in a report on Wednesday, February 7th. Peel Hunt upped their target price on shares of Redrow from GBX 740 ($9.93) to GBX 755 ($10.13) and gave the company a “buy” rating in a report on Wednesday, February 7th. Shore Capital reaffirmed a “hold” rating on shares of Redrow in a report on Wednesday, February 7th. Deutsche Bank reaffirmed a “hold” rating on shares of Redrow in a report on Monday, January 29th. Finally, Barclays dropped their target price on shares of Redrow from GBX 688 ($9.23) to GBX 650 ($8.72) and set an “equal weight” rating on the stock in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 681.31 ($9.14).
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Shares of LON:RDW opened at GBX 619.50 ($8.31) on Friday. Redrow has a one year low of GBX 488 ($6.55) and a one year high of GBX 673.50 ($9.04).
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.