Redrow (LON:RDW) had its price objective decreased by Liberum Capital from GBX 734 ($9.81) to GBX 730 ($9.76) in a research note issued to investors on Wednesday. Liberum Capital currently has a buy rating on the stock.
Several other research firms have also recently commented on RDW. Peel Hunt reaffirmed a buy rating and set a GBX 740 ($9.89) target price on shares of Redrow in a research note on Thursday, November 9th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Redrow in a research note on Friday, November 10th. raised their target price on Redrow from GBX 582 ($7.78) to GBX 734 ($9.81) and gave the stock a buy rating in a research note on Monday, October 30th. Deutsche Bank reaffirmed a hold rating and set a GBX 668 ($8.93) target price on shares of Redrow in a research note on Thursday, November 30th. Finally, Barclays reaffirmed an overweight rating and set a GBX 688 ($9.20) target price on shares of Redrow in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of GBX 665 ($8.89).
Shares of Redrow (LON:RDW) opened at GBX 664.50 ($8.88) on Wednesday. Redrow has a one year low of GBX 431.50 ($5.77) and a one year high of GBX 673.50 ($9.01). The company has a market capitalization of $2,460.00 and a P/E ratio of 949.29.
Redrow PLC is engaged in residential housing development. The Company is engaged in constructing homes throughout England and Wales. The Company’s operations are focused on housebuilding. Its product range is focused on traditional family housing in its regional businesses and apartment schemes in Greater London.
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