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Redrow plc 8.9% Potential Decrease Indicated by Bank of America Merrill Lynch

Redrow plc using EPIC/TICKER code (LON:RDW) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERPERFORM’ this morning by analysts at Bank of America Merrill Lynch. Redrow plc are listed in the Consumer Goods sector within UK Main Market. Bank of America Merrill Lynch have set their target price at 530 GBX on its stock. This now indicates the analyst believes there is a potential downside of -8.9% from the opening price of 582 GBX. Over the last 30 and 90 trading days the company share price has increased 5 points and increased 35 points respectively. The 1 year high share price is 666 GBX while the 52 week low for the share price is 366.5 GBX.

Redrow plc has a 50 day moving average of 590.54 GBX and a 200 Day Moving Average share price is recorded at 529.36. There are currently 369,800,000 shares in issue with the average daily volume traded being 513,556. Market capitalisation for LON:RDW is £2,177,715,274 GBP.

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