Redrow PLC (LON:RDW) Rating Reaffirmed
In recent note revealed to investors and clients on Wednesday, 2 December, The Hold rating of Redrow PLC (LON:RDW) shares was has reaffirmed by Liberum Capital, who now has a GBX 469.00 price target on the stock. Liberum Capital’s price target would now indicate a possible upside of 2.11% from the last stock price of the company.
From a total of 12 analysts covering Redrow PLC (LON:RDW) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 55% of the ratings are positive. The highest target price is GBX 590 while the lowest target price is GBX 374. The mean of all analyst targets is GBX 514.75 with a 10.95% above today’s (GBX 459.8) stock price. Redrow PLC was the topic of 27 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 26 with “Hold” rating. J.P. Morgan maintained shares with “Neutral” rating and GBX 515 target share price in a report from a November 2. Davy Research maintained RDW stock in a recent report from November 10 with “Neutral” rating. JP Morgan maintained the rating on November 2. JP Morgan has a “Neutral” rating and a GBX 515 price target on shares. Finally, Barclays Capital maintained the stock with “Overweight” rating in a report issued on a November 6.
Approximately 98,214 shares of stock traded hands. Redrow plc (LON:RDW) has risen 21.65% since May 5, 2015 and is uptrending. It has outperformed by 21.85% the S&P500.
Redrow PLC is a United Kingdom-based company, which is engaged in residential development. The company has a market cap of 1.70 billion GBP. The Company’s Harrow Estates, focuses on land and property solutions. It has 10.36 P/E ratio. Harrow Estates is engaged in site acquisition, problem solving, regeneration and commercial development.