Shore Capital Reiterates Hold Rating for Redrow (RDW)

Redrow (LON:RDW)‘s stock had its “hold” rating reissued by equities research analysts at Shore Capital in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts have also recently weighed in on the company. Citigroup reiterated a “buy” rating and issued a GBX 670 ($8.75) price objective (up previously from GBX 390 ($5.10)) on shares of Redrow in a research note on Wednesday, September 5th. Peel Hunt reiterated a “buy” rating on shares of Redrow in a research note on Tuesday, September 4th. Deutsche Bank boosted their price objective on Redrow from GBX 622 ($8.13) to GBX 638 ($8.34) and gave the company a “hold” rating in a research note on Wednesday, September 5th. Numis Securities reiterated a “buy” rating on shares of Redrow in a research note on Wednesday, September 5th. Finally, Liberum Capital reiterated a “buy” rating on shares of Redrow in a research note on Tuesday, October 30th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Redrow has a consensus rating of “Buy” and an average price target of GBX 690.75 ($9.03).

RDW stock opened at GBX 565 ($7.38) on Wednesday. Redrow has a fifty-two week low of GBX 488 ($6.38) and a fifty-two week high of GBX 673.50 ($8.80).

In other news, insider Barbara Richmond sold 29,903 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of GBX 591 ($7.72), for a total transaction of £176,726.73 ($230,924.77).

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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Analyst Recommendations for Redrow (LON:RDW)

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