Redrow plc 15% Potential Upside Indicated by Deutsche Bank

Broker Ratings
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Redrow plc with EPIC/TICKER (LON:RDW) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Deutsche Bank. Redrow plc are listed in the Consumer Goods sector within UK Main Market. Deutsche Bank have set a target price of 704 GBX on its stock. This now indicates the analyst believes there is a possible upside of 15.0% from the opening price of 612 GBX. Over the last 30 and 90 trading days the company share price has increased 43 points and increased 77 points respectively. The 1 year high stock price is 644.5 GBX while the year low stock price is currently 455.8 GBX.

Redrow plc has a 50 day moving average of 577.45 GBX and the 200 Day Moving Average price is recorded at 592.09. There are currently 352,190,420 shares in issue with the average daily volume traded being 930,713. Market capitalisation for LON:RDW is £2,162,449,178 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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