Redrow (RDW) Stock Rating Reaffirmed by Liberum Capital
Redrow (LON:RDW)‘s stock had its “buy” rating restated by analysts at Liberum Capital in a research report issued on Wednesday.
RDW has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price objective on Redrow from GBX 680 ($8.89) to GBX 720 ($9.41) and gave the company an “overweight” rating in a research note on Monday, January 14th. Bank of America reduced their price objective on Redrow from GBX 530 ($6.93) to GBX 500 ($6.53) and set an “underperform” rating on the stock in a research note on Friday, January 11th. Berenberg Bank raised their price objective on Redrow from GBX 650 ($8.49) to GBX 710 ($9.28) and gave the company a “buy” rating in a research note on Monday, January 28th. Shore Capital reaffirmed a “hold” rating on shares of Redrow in a research note on Wednesday, November 7th. Finally, Peel Hunt reduced their price objective on Redrow from GBX 800 ($10.45) to GBX 620 ($8.10) and set a “buy” rating on the stock in a research note on Monday, December 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 676.36 ($8.84).
Shares of LON:RDW opened at GBX 596 ($7.79) on Wednesday. Redrow has a 12-month low of GBX 488 ($6.38) and a 12-month high of GBX 673.50 ($8.80).
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: NASDAQ
Receive News & Ratings for Redrow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redrow and related companies with MarketBeat.com's FREE daily email newsletter.