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A statement released earlier today by JP Morgan Cazenove about Redrow PLC (LON:RDW) bumps the target price to 500.00GBX

Yesterday Redrow PLC (LON:RDW) traded 1.22% higher at 473.45GBX. The company’s 50-day moving average is 443.39GBX and its 200-day moving average is 402.70GBX. The last stock close price is up 19.07% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time. 2,905,605 shares of the stock were exchanged, up from an average trading volume of 730,729

JP Morgan Cazenove raised the target price of Redrow PLC (LON:RDW) to 500.00GBX indicating a possible upside of 0.06%.

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Redrow PLC (LON:RDW)

Redrow PLC has a 52 week low of 100.00GBX and a 52 week high of 484.50GBX with a P/E ratio of 7.59 The company’s market cap is currently 0 GBX.

In addition to JP Morgan Cazenove reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is 474.17GBX with 5 firms rating the stock a strong buy, 4 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Redrow PLC (LON:RDW)

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. The Company's range of properties include Heritage Collection, Regent Collection, Abode Collection and Bespoke Collection. The Heritage Collection includes homes, which are designed for modern living. The Regent Collection includes homes, which are designed similar to the formal townhouse residences. The Abode Collection includes modern urban homes. The Bespoke Collection offers approximately 50 luxury apartments and penthouses. The Company has approximately 100 live developments throughout much of England and Wales. The Company's subsidiaries include Harrow Estates plc, Redrow Real Estate Limited, Redrow Regeneration plc and HB (HDG) Limited.

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