Redrow (LON:RDW)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a research note issued on Monday. They presently have a GBX 740 ($10.04) price target on the stock. Peel Hunt’s price objective points to a potential upside of 13.58% from the stock’s previous close.
Several other brokerages have also commented on RDW. JPMorgan Chase & Co. restated an “overweight” rating on shares of Redrow in a report on Friday, November 10th. upped their price objective on shares of Redrow from GBX 582 ($7.89) to GBX 734 ($9.95) and gave the stock a “buy” rating in a report on Monday, October 30th. Liberum Capital restated a “buy” rating and issued a GBX 601 ($8.15) price objective on shares of Redrow in a report on Tuesday, September 12th. Deutsche Bank restated a “hold” rating and issued a GBX 668 ($9.06) price objective on shares of Redrow in a report on Thursday, November 30th. Finally, Barclays lowered shares of Redrow to an “equal weight” rating and set a GBX 688 ($9.33) price objective for the company. in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Redrow presently has a consensus rating of “Buy” and a consensus target price of GBX 665 ($9.02).
Redrow (LON RDW) opened at GBX 651.50 ($8.84) on Monday. Redrow has a 1-year low of GBX 431.50 ($5.85) and a 1-year high of GBX 673.50 ($9.13). The company has a market cap of $2,410.00 and a price-to-earnings ratio of 930.71.
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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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