Redrow plc (LON:RDW – Get Free Report) has earned a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 699.50 ($8.79).
RDW has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Redrow to a “neutral” rating and boosted their price target for the stock from GBX 410 ($5.15) to GBX 760 ($9.55) in a research report on Friday, April 12th. Royal Bank of Canada cut Redrow to a “sector perform” rating and set a GBX 750 ($9.42) target price on the stock. in a report on Thursday, March 21st. Berenberg Bank cut Redrow to a “hold” rating and increased their price target for the company from GBX 643 ($8.08) to GBX 688 ($8.64) in a report on Friday, March 22nd. Finally, Citigroup restated a “neutral” rating and issued a GBX 756 ($9.50) target price on shares of Redrow in a report on Friday, February 9th.
Read Our Latest Research Report on RDW
Redrow Trading Up 1.1 %
Insider Activity at Redrow
In other Redrow news, insider Matthew Pratt sold 27,430 shares of Redrow stock in a transaction on Monday, February 26th. The stock was sold at an average price of GBX 653 ($8.20), for a total value of £179,117.90 ($225,022.49). 25.31% of the stock is currently owned by insiders.
Redrow Company Profile
Redrow plc focuses on housebuilding activities in the United Kingdom. It is involved in acquires, develops, and resells land; develops and sells residential housing properties; and business park maintenance services. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.
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