Redrow plc 28.4% Potential Upside Indicated by Deutsche Bank

Broker Ratings
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Redrow plc using EPIC/TICKER code (LON:RDW) had its stock rating noted as ‘Initiates/Starts’ 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 their target price at 728 GBX on its stock. This is indicating the analyst believes there is a potential upside of 28.4% from today’s opening price of 567 GBX. Over the last 30 and 90 trading days the company share price has increased 29 points and increased 8 points respectively. The 1 year high for the 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 557.94 GBX and a 200 Day Moving Average share price is recorded at 584.43. There are currently 352,190,420 shares in issue with the average daily volume traded being 934,091. Market capitalisation for LON:RDW is £1,989,875,873 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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