Redrow plc 33.2% Potential Upside Indicated by UBS

Broker Ratings
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Redrow plc using EPIC/TICKER code (LON:RDW) 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 815 GBX on its stock. This would imply the analyst believes there is now a potential upside of 33.2% from today’s opening price of 612 GBX. Over the last 30 and 90 trading days the company share price has increased 43 points and increased 77 points respectively. The 1 year high for the stock price is 644.5 GBX while the 52 week low is 455.8 GBX.

Redrow plc has a 50 day moving average of 577.45 GBX and a 200 Day Moving Average share price is recorded at 592.09. There are currently 352,190,420 shares in issue with the average daily volume traded being 930,713. Market capitalisation for LON:RDW is £2,162,449,178 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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