Reaffirmed: Redrow PLC (LON:RDW) “Hold” Rating Reiterated by Analysts at Liberum Capital; GBX 471.00 Target in Place


Redrow PLC (LON:RDW) Rating Reaffirmed

Researchers at Liberum Capital now has a GBX 471.00 PT on Redrow PLC (LON:RDW). Liberum Capital and their recent PT gives a potential upside of 4.00% from the company’s last stock close. The rating has been revealed to investors in an analyst research report on Wednesday morning.

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 12.53% above today’s (GBX 453.58) stock price. Redrow PLC was the topic of 29 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on December 16 with “Hold” rating. J.P. Morgan maintained shares with “Neutral” rating and GBX 515 target share price in a report from a November 2. Shore Capital maintained RDW stock in a recent report from November 10 with “Hold” 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 121,576 shares of stock traded hands. Redrow plc (LON:RDW) has risen 4.19% since May 19, 2015 and is uptrending. It has outperformed by 6.82% the S&P500.

Reaffirmed: Redrow PLC (LON:RDW)

Redrow PLC is a United Kingdom-based company, which is engaged in residential development. The company has a market cap of 1.66 billion GBP. The Company’s Harrow Estates, focuses on land and property solutions. It has 10.22 P/E ratio. Harrow Estates is engaged in site acquisition, problem solving, regeneration and commercial development.