Redrow plc 9.1% Potential Upside Indicated by JP Morgan Cazenove

Broker Ratings
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Redrow plc using EPIC/TICKER code (LON:RDW) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at JP Morgan Cazenove. Redrow plc are listed in the Consumer Goods sector within UK Main Market. JP Morgan Cazenove have set their target price at 510 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 9.1% from the opening price of 467.4 GBX. Over the last 30 and 90 trading days the company share price has increased 9.8 points and decreased 322.6 points respectively. The 1 year high 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 429.70 GBX and the 200 Day Moving Average price is recorded at 628.50. There are currently 352,190,420 shares in issue with the average daily volume traded being 2,035,556. Market capitalisation for LON:RDW is £1,714,462,921 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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