Redrow plc -17.7% potential downside indicated by JP Morgan Cazenove

Redrow plc with ticker (LON:RDW) now has a potential downside of -17.7% according to JP Morgan Cazenove.



JP Morgan Cazenove set a target price of 370 GBX for the company, which when compared to the Redrow plc share price of 450 GBX at opening today (18/07/2023) indicates a potential downside of -17.7%. Trading has ranged between 367 (52 week low) and 590 (52 week high) with an average of 482,615 shares exchanging hands daily. The market capitalisation at the time of writing is £1,542,712,192.

Redrow plc is a United Kingdom-based company, which is focused on housebuilding activities. The Company has approximately 100 live developments throughout England and Wales. It has an integrated divisional network of 13 regional offices. The Company’s principal subsidiary is Redrow Homes Limited. The principal activity of the Company’s subsidiaries, including Redrow Homes Limited, Redrow Real Estate Limited, Redrow Regeneration plc, The Waterford Park Company Limited and The Waterford Park Company (Balmoral) Limited, is residential development. The principal activity of its subsidiary, Harrow Estates plc is land acquisition, development and resale. Its subsidiary, HB (HDG) Limited, is an intermediate holding company. Its subsidiary, St David’s Park Limited, is engaged in the business park maintenance services.