Redrow (LON:RDW)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a research report issued to clients and investors on Wednesday.
Several other research analysts have also weighed in on the stock. UBS Group reaffirmed a “buy” rating and set a GBX 765 ($10.00) target price on shares of Redrow in a research note on Tuesday, August 14th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Redrow in a research note on Tuesday, September 25th. Canaccord Genuity reissued a “buy” rating and issued a GBX 750 ($9.80) price objective on shares of Redrow in a research note on Tuesday, September 4th. Citigroup started coverage on shares of Redrow in a research note on Wednesday, August 29th. They issued a “buy” rating and a GBX 662 ($8.65) price objective for the company. Finally, Liberum Capital started coverage on shares of Redrow in a research note on Tuesday, September 4th. They issued a “buy” rating and a GBX 700 ($9.15) price objective for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Redrow currently has an average rating of “Buy” and a consensus price target of GBX 690.75 ($9.03).
Shares of RDW stock opened at GBX 564.50 ($7.38) on Wednesday. Redrow has a 1-year low of GBX 488 ($6.38) and a 1-year high of GBX 673.50 ($8.80).
In other news, insider Barbara Richmond sold 29,903 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of GBX 591 ($7.72), for a total value of £176,726.73 ($230,924.77).
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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