Redrow (RDW) Given Buy Rating at Canaccord Genuity

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Redrow (LON:RDW)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a research report issued to clients and investors on Wednesday. They currently have a GBX 630 ($8.23) price objective on the stock. Canaccord Genuity’s price target suggests a potential upside of 6.35% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Liberum Capital reissued a “buy” rating on shares of Redrow in a research note on Wednesday. Peel Hunt boosted their price target on Redrow from GBX 620 ($8.10) to GBX 665 ($8.69) and gave the stock a “buy” rating in a research note on Wednesday. Shore Capital reissued a “buy” rating on shares of Redrow in a research note on Wednesday. UBS Group reissued a “buy” rating on shares of Redrow in a research note on Wednesday, January 2nd. Finally, Berenberg Bank boosted their price target on Redrow from GBX 650 ($8.49) to GBX 710 ($9.28) and gave the stock a “buy” rating in a research note on Monday, January 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of GBX 665.45 ($8.70).

Shares of LON:RDW traded up GBX 0.37 ($0.00) during trading on Wednesday, hitting GBX 592.37 ($7.74). 581,458 shares of the stock were exchanged, compared to its average volume of 997,321. Redrow has a 12-month low of GBX 488 ($6.38) and a 12-month high of GBX 673.50 ($8.80).

Redrow (LON:RDW) last announced its quarterly earnings results on Wednesday, February 6th. The company reported GBX 41.50 ($0.54) EPS for the quarter.

Redrow Company Profile

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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Analyst Recommendations for Redrow (LON:RDW)

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