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Home / Momentum / Redrow (RDW.L) 11-12-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Redrow (RDW.L) 11-12-19

Redrow (RDW.L) has continued to rally strongly, setting new recent highs. Will the momentum persist?

 

  • Now trading at 673p (at time of writing), momentum has been robust.
  • Will it end, or is this trend your friend?
  • Is this the opportunity for momentum traders?
  • Momentum has been robust, but traders should remember that past performance is not always an indication of the future.
  • Technical traders should be mindful of breaking news. It can influence price action. Check our website for updates.
  • Shares -1% from 12-month highs; +39% from 12 month lows.

Latest News

05 Dec:  Liberum Capital reiterates its buy rating on Redrow (RDW) and increased the target price to 710p (from 600p).

04 Dec:  UBS reiterates its buy rating on Redrow (RDW) and increased the target price to 820p (from 815p).

02 Dec:  Jefferies International reiterates its hold rating on Redrow (RDW) and reduced the target price to 707p (from 711p).

 

06 Nov:  Redrow, the house builder,  announced that business had been ‘encouragingly resilient’ in the year so far, as the value of private reservations increased.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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