Redrow (RDW) Rating Reiterated by Liberum Capital

Liberum Capital reiterated their buy rating on shares of Redrow (LON:RDW) in a report issued on Thursday. The brokerage currently has a GBX 600 ($7.84) price target on the stock.

RDW has been the subject of a number of other reports. Deutsche Bank increased their price target on Redrow from GBX 622 ($8.13) to GBX 638 ($8.34) and gave the company a hold rating in a research note on Wednesday, September 5th. Shore Capital reissued a hold rating on shares of Redrow in a research note on Wednesday, November 7th. Numis Securities reissued a buy rating on shares of Redrow in a research note on Wednesday, September 5th. Peel Hunt reissued a buy rating on shares of Redrow in a research note on Wednesday, November 7th. Finally, JPMorgan Chase & Co. reissued an overweight rating on shares of Redrow in a research note on Tuesday, September 25th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of GBX 697.50 ($9.11).

Shares of Redrow stock opened at GBX 482.20 ($6.30) on Thursday. Redrow has a 12 month low of GBX 488 ($6.38) and a 12 month high of GBX 673.50 ($8.80).

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

Redrow Company Profile

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.

Further Reading: Balance Sheet

Analyst Recommendations for Redrow (LON:RDW)

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