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Liberum Capital announced Redrow PLC (LON:RDW), bumping up its stock price target to 450.00GBX today

Just yesterday Redrow PLC (LON:RDW) traded 1.90% higher at 406.50GBX. Redrow PLC’s 50-day moving average is 372.77GBX and its 200-day moving average is 374.50GBX. The last closing price is up 8.70% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 257,055 shares of RDW traded hands, down from an average trading volume of 1,138,850

In a report released on 9/23/2016 Liberum Capital increased the stock price target of Redrow PLC (LON:RDW) from 346.00GBX to 450.00GBX reporting a possible upside of 0.11%.

Previously on Friday September 16, 2016, JP Morgan Cazenove reported on Redrow PLC (LON:RDW) held steady the target price at 360.00GBX. At the time, this indicated a possible upside of 0%.

Recent Performance Chart

Redrow PLC (LON:RDW)

Redrow PLC has 52 week low of 100.00GBX and a 52 week high of 479.00GBX with a PE ratio of 7.38 and has a market capitalization of 0 GBX.

In addition to Liberum Capital reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target is 474.17GBX with 5 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On 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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