Redrow plc (LON:RDW) has been given an average recommendation of “Buy” by the thirteen research firms that are presently covering the stock. Four research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 544.70 ($7.09).
Several analysts recently commented on RDW shares. Deutsche Bank AG raised their target price on Redrow plc from GBX 519 ($6.75) to GBX 548 ($7.13) and gave the company a “hold” rating in a research report on Wednesday, February 8th. Beaufort Securities restated a “buy” rating on shares of Redrow plc in a research report on Thursday, February 9th. Canaccord Genuity restated a “buy” rating and issued a GBX 480 ($6.24) target price on shares of Redrow plc in a research report on Wednesday, February 8th. Shore Capital restated a “buy” rating on shares of Redrow plc in a research report on Wednesday, February 8th. Finally, Numis Securities Ltd restated an “add” rating and issued a GBX 500 ($6.50) target price on shares of Redrow plc in a research report on Wednesday, February 8th.
Redrow plc (LON:RDW) traded down 1.00% during midday trading on Friday, reaching GBX 569.75. The company had a trading volume of 549,212 shares. The firm’s market capitalization is GBX 2.07 billion. The firm’s 50-day moving average price is GBX 559.59 and its 200 day moving average price is GBX 478.42. Redrow plc has a 12 month low of GBX 100.00 and a 12 month high of GBX 597.50.
In related news, insider Barbara Richmond sold 60,000 shares of Redrow plc stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of GBX 582 ($7.57), for a total transaction of £349,200 ($454,273.45).
Redrow plc Company Profile
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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