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JP Morgan Cazenove announced Redrow PLC (LON:RDW), upholding its stock price target at 600.00GBX today

Redrow PLC (LON:RDW) had its target price hold steady to 600.00GBX by JP Morgan Cazenove in a report released Friday July 07, 2017. The new target price indicates a possible upside of 0.07% based on the company's last stock close price.

Previously on 6/26/2017, Jefferies International reported about Redrow PLC (LON:RDW) raised the target price from 666.00GBX to 682.00GBX. At the time, this indicated a possible upside of 0.24%.

Yesterday Redrow PLC (LON:RDW) traded 0.70% higher at 558.50GBX. The company’s 50-day moving average is 568.24GBX and its 200-day moving average is 534.85GBX. The last stock close price is up 7.69% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 385,160 shares of the stock were exchanged, down from an average trading volume of 676,316

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Redrow PLC (LON:RDW)

Redrow PLC has a 52 week low of 335.00GBX and a 52 week high of 602.00GBX with a P/E ratio of 9.11 The company’s market cap is currently 0 GBX.

Also covering Redrow PLC's target, a total of 12 brokerages have issued a ratings update on the company. The average stock price target is 474.17GBX with 5 firms rating the stock a strong buy, 4 firms rating the stock a buy, 3 brokers rating the stock a hold, 0 equity analysts rating the company a underperform, and lastly zero 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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