Is Buying Stock Like Redrow plc After Such Increase Winning Strategy?

 Is Buying Stock Like Redrow plc After Such Increase Winning Strategy?

The stock of Redrow plc (LON:RDW) is a huge mover today! The stock increased 4.31% or GBX 16.65 on November 3, hitting GBX 403.25. About 1.26 million shares traded hands or 76.52% up from the average. Redrow plc (LON:RDW) has declined 2.42% since April 6, 2016 and is downtrending. It has underperformed by 3.64% the S&P500.
The move comes after 6 months positive chart setup for the GBX 1.50 billion company. It was reported on Nov, 3 by Barchart.com. We have GBX 520.19 PT which if reached, will make LON:RDW worth GBX 435.00M more.

Redrow plc (LON:RDW) Ratings Coverage

Out of 16 analysts covering Redrow PLC (LON:RDW), 9 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 56% are positive. Redrow PLC has been the topic of 87 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Redrow plc (LON:RDW) earned “Buy” rating by Beaufort Securities on Wednesday, February 10. Liberum Capital maintained the stock with “Hold” rating in Friday, September 23 report. Barclays Capital maintained the shares of RDW in a report on Thursday, July 7 with “Overweight” rating. The stock of Redrow plc (LON:RDW) earned “Hold” rating by Liberum Capital on Wednesday, December 16. The stock of Redrow plc (LON:RDW) earned “Hold” rating by Deutsche Bank on Tuesday, July 26. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, September 7 report. JP Morgan maintained it with “Neutral” rating and GBX 515 target price in Wednesday, February 10 report. The rating was maintained by Barclays Capital on Friday, November 6 with “Overweight”. The stock of Redrow plc (LON:RDW) earned “Overweight” rating by Deutsche Bank on Friday, November 6. Whitman Howard maintained the shares of RDW in a report on Wednesday, February 3 with “Buy” rating.

More recent Redrow plc (LON:RDW) news were published by: Fool.Co.Uk which released: “Are Old Mutual plc, Redrow plc and Fastjet plc ‘buys’ after today’s updates?” on June 28, 2016. Also Fool.Co.Uk published the news titled: “Growth Stars With Rising Dividends: Taylor Wimpey plc, Redrow plc, Ashtead …” on August 13, 2015. Fool.Co.Uk‘s news article titled: “Should You Buy Bellway plc, Persimmon plc Or Redrow plc?” with publication date: August 08, 2014 was also an interesting one.

Redrow PLC is engaged in residential housing development. The company has a market cap of 1.50 billion GBP. The Firm is engaged in constructing homes throughout England and Wales. It has a 7.3 P/E ratio. The Company’s activities are focused on housebuilding.

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