Redrow plc (RDW) Receives Average Rating of “Buy” from Analysts

Redrow plc (LON:RDW) has received a consensus rating of “Buy” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 640.13 ($8.36).

Several equities research analysts have recently commented on RDW shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Redrow in a research note on Tuesday, September 25th. Peel Hunt reissued a “buy” rating on shares of Redrow in a research note on Wednesday, November 7th. Liberum Capital reissued a “buy” rating and issued a GBX 600 ($7.84) target price on shares of Redrow in a research note on Thursday, December 6th. Shore Capital raised Redrow to a “buy” rating in a research note on Thursday, December 13th. Finally, UBS Group reissued a “buy” rating on shares of Redrow in a research note on Wednesday, January 2nd.

LON RDW opened at GBX 552.50 ($7.22) on Friday. Redrow has a 52 week low of GBX 488 ($6.38) and a 52 week high of GBX 673.50 ($8.80).

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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