Redrow plc 22.6% Potential Upside Indicated by UBS

Broker Ratings
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Redrow plc using EPIC/TICKER code (LON:RDW) has had its stock rating noted as ‘Unchanged’ with the recommendation being set at ‘BUY’ this morning by analysts at UBS. Redrow plc are listed in the Consumer Goods sector within UK Main Market. UBS have set their target price at 820 GBX on its stock. This is indicating the analyst believes there is a potential upside of 22.6% from today’s opening price of 669 GBX. Over the last 30 and 90 trading days the company share price has increased 69 points and increased 96 points respectively. The 52 week high for the stock is 684 GBX while the year low stock price is currently 455.8 GBX.

Redrow plc has a 50 day moving average of 635.51 GBX and a 200 day moving average of 604.56. There are currently 352,190,420 shares in issue with the average daily volume traded being 1,202,835. Market capitalisation for LON:RDW is £2,363,937,395 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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