Redrow plc (RDW) Rating Reiterated by Liberum Capital
Redrow plc (LON:RDW)‘s stock had its “buy” rating reiterated by Liberum Capital in a research report issued on Tuesday. They presently have a GBX 601 ($7.76) price objective on the stock. Liberum Capital’s price objective would indicate a potential upside of 2.91% from the company’s previous close.
Several other analysts also recently commented on RDW. Deutsche Bank AG raised their price objective on shares of Redrow plc from GBX 548 ($7.08) to GBX 549 ($7.09) and gave the company a “hold” rating in a research report on Wednesday, May 31st. Jefferies Group LLC raised their price objective on shares of Redrow plc from GBX 666 ($8.60) to GBX 682 ($8.81) and gave the company a “buy” rating in a research report on Monday, June 26th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 600 ($7.75) price objective on shares of Redrow plc in a research report on Friday, July 7th. Barclays PLC raised their price objective on shares of Redrow plc from GBX 558 ($7.21) to GBX 630 ($8.14) and gave the company an “overweight” rating in a research report on Thursday, July 13th. Finally, Peel Hunt raised their price objective on shares of Redrow plc from GBX 675 ($8.72) to GBX 740 ($9.56) and gave the company a “buy” rating in a research report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 637.17 ($8.23).
Redrow plc (RDW) opened at 577.50 on Tuesday. The stock’s 50 day moving average is GBX 599.28 and its 200-day moving average is GBX 558.25. The stock’s market capitalization is GBX 2.08 billion. Redrow plc has a 52-week low of GBX 366.50 and a 52-week high of GBX 666.00.
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In related news, insider Steve Morgan sold 12,950,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of GBX 590 ($7.62), for a total transaction of £76,405,000 ($98,676,223.69). Also, insider John F. Tutte sold 89,447 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of GBX 627 ($8.10), for a total transaction of £560,832.69 ($724,309.30).
Redrow plc Company Profile
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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