Redrow plc 1.6% potential upside indicated by Berenberg Bank

Broker Ratings

Redrow plc with ticker (LON:RDW) now has a potential upside of 1.6% according to Berenberg Bank.

Berenberg Bank set a target price of 510 GBX for the company, which when compared to the Redrow plc share price of 502 GBX at opening today (20/09/2022) indicates a potential upside of 1.6%. Trading has ranged between 450 (52 week low) and 723 (52 week high) with an average of 922,703 shares exchanging hands daily. The market capitalisation at the time of writing is £1,668,925,971.

Redrow plc is a United Kingdom-based company, which is focused on housebuilding activities in the United Kingdom. The Company acquires land, and develops and sells residential housing properties. The Company’s principal subsidiary includes Redrow Homes Limited. The Company’s residential development subsidiaries include Redrow Homes Limited, Redrow Real Estate Limited, Redrow Regeneration plc, The Waterford Park Company Limited and The Waterford Park Company (Balmoral) Limited. The principal activity of its subsidiary, Harrow Estates plc, is land acquisition, development and resale. The Company’s subsidiary, St David’s Park Limited, is principally engaged in business park maintenance services.

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