Redrow plc 53.9% Potential Upside Indicated by HSBC

Broker Ratings
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Redrow plc with EPIC/TICKER (LON:RDW) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at HSBC. Redrow plc are listed in the Consumer Goods sector within UK Main Market. HSBC have set a target price of 740 GBX on its stock. This now indicates the analyst believes there is a possible upside of 53.9% from today’s opening price of 480.8 GBX. Over the last 30 and 90 trading days the company share price has increased 3 points and increased 101.3 points respectively. The 52 week high share price is 850.76 GBX while the year low stock price is currently 293 GBX.

Redrow plc has a 50 day moving average of 477.43 GBX and the 200 Day Moving Average price is recorded at 619.97. There are currently 352,190,420 shares in issue with the average daily volume traded being 1,906,811. Market capitalisation for LON:RDW is £1,720,846,802 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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