Redrow plc 16.9% Potential Upside Indicated by Deutsche Bank

Broker Ratings
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Redrow plc with EPIC/TICKER (LON:RDW) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning 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 891 GBX on its stock. This now indicates the analyst believes there is a possible upside of 16.9% from today’s opening price of 762 GBX. Over the last 30 and 90 trading days the company share price has increased 26 points and increased 136 points respectively. The 52 week high for the share price is currently at 777.36 GBX while the year low share price is currently 527.5 GBX.

Redrow plc has a 50 day moving average of 698.48 GBX and a 200 day moving average of 614.95. There are currently 318,902,385 shares in issue with the average daily volume traded being 1,552,974. Market capitalisation for LON:RDW is £2,697,778,617 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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