Redrow plc 38.9% Potential Upside Indicated by Credit Suisse

Broker Ratings
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Redrow plc with EPIC/TICKER (LON:RDW) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at Credit Suisse. Redrow plc are listed in the Consumer Goods sector within UK Main Market. Credit Suisse have set a target price of 606 GBX on its stock. This indicates the analyst now believes there is a potential upside of 38.9% from the opening price of 436.4 GBX. Over the last 30 and 90 trading days the company share price has decreased 50.8 points and increased 106.2 points respectively. The 1 year high for the share price is 850.76 GBX while the 52 week low for the stock is 293 GBX.

Redrow plc has a 50 day moving average of 485.33 GBX and the 200 Day Moving Average price is recorded at 614.28. There are currently 352,190,420 shares in issue with the average daily volume traded being 1,780,786. Market capitalisation for LON:RDW is £1,549,377,209 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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