Peel Hunt reaffirmed their buy rating on shares of Redrow (LON:RDW) in a research report report published on Monday, January 8th. Peel Hunt currently has a GBX 740 ($10.04) price objective on the stock.
Several other analysts have also issued reports on RDW. JPMorgan Chase & Co. increased their price objective on Redrow from GBX 600 ($8.14) to GBX 650 ($8.81) and gave the stock an overweight rating in a report on Friday, September 29th. Liberum Capital cut their target price on Redrow from GBX 734 ($9.95) to GBX 730 ($9.90) and set a buy rating on the stock in a report on Wednesday, January 3rd. Bank of America raised their target price on Redrow from GBX 455 ($6.17) to GBX 530 ($7.19) and gave the company an underperform rating in a report on Tuesday, September 12th. Shore Capital Group restated a hold rating and set a GBX 607 ($8.23) target price on shares of Redrow in a report on Tuesday, November 14th. Finally, Shore Capital restated a hold rating on shares of Redrow in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Redrow has a consensus rating of Buy and a consensus price target of GBX 665 ($9.02).
Shares of Redrow (LON:RDW) opened at GBX 637.50 ($8.65) on Monday. The company has a market capitalization of $2,370.00 and a price-to-earnings ratio of 910.71. Redrow has a 12-month low of GBX 431.50 ($5.85) and a 12-month high of GBX 673.50 ($9.13).
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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