Redrow (RDW) Stock Rating Reaffirmed by Shore Capital
Redrow (LON:RDW)‘s stock had its “hold” rating reissued by equities researchers at Shore Capital in a research note issued to investors on Wednesday.
RDW has been the subject of several other research reports. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Redrow in a research report on Friday, November 10th. Liberum Capital lowered their price objective on shares of Redrow from GBX 734 ($10.29) to GBX 730 ($10.24) and set a “buy” rating for the company in a research report on Wednesday, January 3rd. increased their price objective on shares of Redrow from GBX 582 ($8.16) to GBX 734 ($10.29) and gave the stock a “buy” rating in a research report on Monday, October 30th. Deutsche Bank reissued a “hold” rating and set a GBX 668 ($9.37) price objective on shares of Redrow in a research report on Monday, December 18th. Finally, Shore Capital Group reissued a “hold” rating and set a GBX 607 ($8.51) price objective on shares of Redrow in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Redrow presently has an average rating of “Buy” and an average target price of GBX 678 ($9.51).
Shares of Redrow (RDW) opened at GBX 585 ($8.20) on Wednesday. Redrow has a 12 month low of GBX 461.15 ($6.47) and a 12 month high of GBX 673.50 ($9.44). The company has a market cap of $2,180.00 and a P/E ratio of 750.00.
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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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