Redrow’s (RDW) “Buy” Rating Reiterated at Citigroup
Citigroup reissued their buy rating on shares of Redrow (LON:RDW) in a research report released on Wednesday. Citigroup currently has a GBX 670 ($8.64) price target on the stock, up from their prior price target of GBX 390 ($5.03).
A number of other research firms also recently issued reports on RDW. Liberum Capital reiterated a buy rating and issued a GBX 700 ($9.03) price objective on shares of Redrow in a report on Friday, May 25th. Berenberg Bank started coverage on shares of Redrow in a report on Wednesday, July 25th. They issued a buy rating and a GBX 650 ($8.38) price objective on the stock. Deutsche Bank lowered their price objective on shares of Redrow from GBX 672 ($8.67) to GBX 622 ($8.02) and set a hold rating on the stock in a report on Thursday, August 30th. Canaccord Genuity reiterated a buy rating and issued a GBX 750 ($9.67) price objective on shares of Redrow in a report on Tuesday. Finally, Peel Hunt reiterated a buy rating on shares of Redrow in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Redrow currently has a consensus rating of Buy and an average price target of GBX 679.29 ($8.76).
LON RDW opened at GBX 592 ($7.64) on Wednesday. Redrow has a 12-month low of GBX 488 ($6.30) and a 12-month high of GBX 673.50 ($8.69).
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.
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