Redrow plc 33.0% potential upside indicated by Berenberg Bank

Redrow plc with ticker (LON:RDW) now has a potential upside of 33.0% according to Berenberg Bank.



Berenberg Bank set a target price of 980 GBX for the company, which when compared to the Redrow plc share price of 657 GBX at opening today (25/11/2021) indicates a potential upside of 33.0%. Trading has ranged between 492 (52 week low) and 744 (52 week high) with an average of 732,828 shares exchanging hands daily. The market capitalisation at the time of writing is £2,322,329,826.

Redrow PLC is engaged in residential housing development. The Company is engaged in constructing homes throughout England and Wales. The Company’s operations are focused on housebuilding. Its product range is focused on traditional family housing in its regional businesses and apartment schemes in Greater London. The Company’s range of properties include Heritage Collection, Regent Collection, Abode Collection and Bespoke Collection. The Heritage Collection includes homes, which are designed for modern living. The Regent Collection includes homes, which are designed similar to the formal townhouse residences. The Abode Collection includes modern urban homes. The Bespoke Collection offers approximately 50 luxury apartments and penthouses. The Company has approximately 100 live developments throughout much of England and Wales. The Company’s subsidiaries include Harrow Estates plc, Redrow Real Estate Limited, Redrow Regeneration plc and HB (HDG) Limited.