Redrow (LON:RDW) Price Target Cut to GBX 784 by Analysts at Deutsche Bank Aktiengesellschaft

Redrow (LON:RDW – Get Rating) had its price objective decreased by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 811 ($10.13) to GBX 784 ($9.79) in a research note issued to investors on Friday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 54.60% from the stock’s previous close.

A number of other research analysts have also recently commented on the stock. Barclays reaffirmed an “overweight” rating and issued a GBX 840 ($10.49) target price on shares of Redrow in a research report on Friday, February 11th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 840 ($10.49) target price on shares of Redrow in a research report on Monday, March 14th. JPMorgan Chase & Co. decreased their target price on shares of Redrow from GBX 890 ($11.12) to GBX 710 ($8.87) and set an “overweight” rating on the stock in a research report on Friday, March 25th. Finally, Berenberg Bank upped their target price on shares of Redrow from GBX 980 ($12.24) to GBX 1,000 ($12.49) and gave the company a “buy” rating in a research report on Wednesday, March 23rd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Redrow presently has a consensus rating of “Buy” and a consensus price target of GBX 853.43 ($10.66).

Shares of RDW stock opened at GBX 507.11 ($6.33) on Friday. The company’s 50-day moving average price is GBX 537.35 and its 200-day moving average price is GBX 607.74. The company has a current ratio of 3.44, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock has a market cap of £1.79 billion and a price-to-earnings ratio of 6.31. Redrow has a twelve month low of GBX 500.82 ($6.26) and a twelve month high of GBX 743.60 ($9.29).

In other news, insider Richard Akers bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, February 11th. The shares were purchased at an average cost of GBX 619 ($7.73) per share, for a total transaction of £123,800 ($154,653.34). Also, insider Barbara Richmond sold 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, April 6th. The stock was sold at an average price of GBX 532 ($6.65), for a total transaction of £19,950 ($24,921.92).

Redrow Company Profile (Get Rating)

Redrow plc focuses on housebuilding activities in the United Kingdom. The company acquires land; and develops and sells residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.

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