Redrow plc 24.8% 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’ today by analysts at UBS. Redrow plc are listed in the Consumer Goods sector within UK Main Market. UBS have set their target price at 1030 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 24.8% from the opening price of 825 GBX. Over the last 30 and 90 trading days the company share price has increased 66 points and increased 207 points respectively. The 1 year high stock price is 837 GBX while the year low share price is currently 527.5 GBX.

Redrow plc has a 50 day moving average of 747.79 GBX and a 200 day moving average of 627.70. There are currently 352,190,420 shares in issue with the average daily volume traded being 1,461,408. Market capitalisation for LON:RDW is £2,895,005,252 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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