Redrow (RDW) Price Target Lowered to GBX 730 at Liberum Capital

Redrow (LON:RDW) had its target price cut by Liberum Capital from GBX 734 ($9.81) to GBX 730 ($9.76) in a report released on Wednesday morning. They currently have a buy rating on the stock.

A number of other brokerages have also weighed in on RDW. Peel Hunt restated a buy rating and issued a GBX 740 ($9.89) price objective on shares of Redrow in a report on Thursday, November 9th. JPMorgan Chase & Co. restated an overweight rating on shares of Redrow in a report on Friday, November 10th. boosted their price objective on shares of Redrow from GBX 582 ($7.78) to GBX 734 ($9.81) and gave the stock a buy rating in a report on Monday, October 30th. Deutsche Bank restated a hold rating and issued a GBX 668 ($8.93) price objective on shares of Redrow in a report on Thursday, November 30th. Finally, Barclays restated an overweight rating and issued a GBX 688 ($9.20) price objective on shares of Redrow in a report on Wednesday, September 6th. One 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’s stock. The company has an average rating of Buy and an average price target of GBX 665 ($8.89).

Shares of Redrow (RDW) traded up GBX 6.50 ($0.09) on Wednesday, hitting GBX 660.50 ($8.83). 374,589 shares of the stock were exchanged, compared to its average volume of 820,182. The company has a market cap of $2,430.00 and a price-to-earnings ratio of 943.57. Redrow has a 1 year low of GBX 420.67 ($5.62) and a 1 year high of GBX 673.50 ($9.01).

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About Redrow

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.

Analyst Recommendations for Redrow (LON:RDW)

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