Redrow plc (RDW) Stock Rating Lowered by Barclays PLC

Redrow plc (LON:RDW) was downgraded by equities research analysts at Barclays PLC to an “equal weight” rating in a note issued to investors on Monday. They currently have a GBX 688 ($9.08) price objective on the stock. Barclays PLC’s price target would indicate a potential upside of 6.25% from the stock’s current price.

Other analysts have also issued research reports about the company. Liberum Capital reaffirmed a “buy” rating and set a GBX 601 ($7.93) price objective on shares of Redrow plc in a research note on Tuesday, September 12th. Deutsche Bank AG increased their price objective on Redrow plc from GBX 549 ($7.24) to GBX 668 ($8.81) and gave the company a “hold” rating in a research note on Thursday, September 7th. Peel Hunt reaffirmed a “buy” rating and set a GBX 740 ($9.77) price objective on shares of Redrow plc in a research note on Tuesday, September 12th. Shore Capital reaffirmed a “hold” rating on shares of Redrow plc in a research note on Tuesday, September 12th. Finally, J P Morgan Chase & Co increased their price objective on Redrow plc from GBX 600 ($7.92) to GBX 650 ($8.58) and gave the company an “overweight” rating in a research note on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. Redrow plc currently has an average rating of “Buy” and an average target price of GBX 672.50 ($8.87).

Redrow plc (LON RDW) traded up 0.54% on Monday, hitting GBX 651.00. The stock had a trading volume of 1,081,681 shares. The stock’s market cap is GBX 2.35 billion. The stock’s 50 day moving average is GBX 605.26 and its 200 day moving average is GBX 579.66. Redrow plc has a one year low of GBX 366.50 and a one year high of GBX 673.50.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://www.com-unik.info/2017/10/30/redrow-plc-rdw-cut-to-equal-weight-at-barclays-plc.html.

In other news, insider Steve Morgan sold 12,950,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of GBX 590 ($7.79), for a total value of £76,405,000 ($100,824,755.87). Also, insider Vanda Murray acquired 3,500 shares of the business’s stock in a transaction dated Monday, September 25th. The stock was purchased at an average price of GBX 562 ($7.42) per share, for a total transaction of £19,670 ($25,956.72). Over the last 90 days, insiders sold 13,053,353 shares of company stock worth $7,704,486,599.

About Redrow plc

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.

Analyst Recommendations for Redrow plc (LON:RDW)

What are top analysts saying about Redrow plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Redrow plc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit