Redrow plc 15.2% Potential Upside Indicated by Jefferies International

Broker Ratings
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Redrow plc using EPIC/TICKER code (LON:RDW) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at Jefferies International. Redrow plc are listed in the Consumer Goods sector within UK Main Market. Jefferies International have set a target price of 711 GBX on its stock. This would imply the analyst believes there is now a potential upside of 15.2% from the opening price of 617 GBX. Over the last 30 and 90 trading days the company share price has increased 70 points and increased 71 points respectively. The 52 week high share price is 644.5 GBX while the 52 week low is 455.8 GBX.

Redrow plc has a 50 day moving average of 580.45 GBX and a 200 Day Moving Average share price is recorded at 593.27. There are currently 352,190,420 shares in issue with the average daily volume traded being 902,727. Market capitalisation for LON:RDW is £2,180,058,699 GBP.

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    Barratt Developments plc to acquire Redrow plc in a recommended all-share offer, with CMA considering undertakings to address competition concerns.

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