Redrow plc 82.5% Potential Upside Indicated by Jefferies International

Broker Ratings
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Redrow plc using EPIC/TICKER code (LON:RDW) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Jefferies International. Redrow plc are listed in the Consumer Goods sector within UK Main Market. Jefferies International have set a target price of 697 GBX on its stock. This now indicates the analyst believes there is a possible upside of 82.5% from the opening price of 382 GBX. Over the last 30 and 90 trading days the company share price has increased 43.5 points and decreased 408 points respectively. The 1 year high for the stock price is 850.76 GBX while the year low stock price is currently 293 GBX.

Redrow plc has a 50 day moving average of 585.61 GBX and a 200 day moving average of 639.09. There are currently 352,190,420 shares in issue with the average daily volume traded being 3,049,974. Market capitalisation for LON:RDW is £1,354,524,376 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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