Liberum Capital Reaffirms “Buy” Rating for Redrow plc (RDW)

Redrow plc (LON:RDW)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a research report issued to clients and investors on Friday. They currently have a GBX 561 ($7.25) price target on the stock. Liberum Capital’s target price suggests a potential upside of 0.63% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Peel Hunt boosted their price objective on shares of Redrow plc from GBX 650 ($8.40) to GBX 675 ($8.72) and gave the company a “buy” rating in a research note on Wednesday, April 26th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 548 ($7.08) price objective on shares of Redrow plc in a research note on Thursday, May 4th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Redrow plc in a research note on Thursday, March 23rd. Jefferies Group LLC boosted their price objective on shares of Redrow plc from GBX 515 ($6.65) to GBX 666 ($8.61) and gave the company a “buy” rating in a research note on Tuesday, April 18th. Finally, Shore Capital reissued a “buy” rating on shares of Redrow plc in a research note on Tuesday, March 28th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 544.80 ($7.04).

Analyst Recommendations for Redrow plc (LON:RDW)

Shares of Redrow plc (LON RDW) traded down 1.43% during mid-day trading on Friday, reaching GBX 549.50. 883,196 shares of the company were exchanged. The stock has a 50 day moving average price of GBX 568.15 and a 200-day moving average price of GBX 490.54. The stock’s market capitalization is GBX 1.99 billion. Redrow plc has a 12 month low of GBX 100.00 and a 12 month high of GBX 597.50.

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In other Redrow plc news, insider Barbara Richmond sold 60,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of GBX 582 ($7.52), for a total transaction of £349,200 ($451,221.09).

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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