Redrow plc 28.5% potential upside indicated by Barclays

Redrow plc with ticker (LON:RDW) now has a potential upside of 28.5% according to Barclays.



Barclays set a target price of 840 GBX for the company, which when compared to the Redrow plc share price of 601 GBX at opening today (18/02/2022) indicates a potential upside of 28.5%. Trading has ranged between 540 (52 week low) and 744 (52 week high) with an average of 864,968 shares exchanging hands daily. The market capitalisation at the time of writing is £2,141,317,632.

Redrow plc is a United Kingdom-based company, which is engaged in housing development. The Company is focused on constructing homes throughout England and Wales. The Company is specializing in buying all types of land, in all conditions, from greenfield sites to former factories and industrial sites, warehouses and offices, old buildings and derelict works. It is engaged in residential development through its subsidiaries, including Redrow Homes Limited, Redrow Real Estate Limited, Redrow Regeneration plc, The Waterford Park Company Limited and The Waterford Park Company (Balmoral) Limited. It is focused on land acquisition, development and resale through, Harrow Estates plc. The Company is also engaged in business park maintenance services through, St David’s Park Limited.