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Home / Momentum / Redrow (RDW.L) 30-01-20

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

Redrow (RDW.L) 30-01-20

Will Redrow (RDW.L) continue this relentless rise, setting new highs?

 

  • Currently trading at 800p (at time of writing), performance has been exceptional of late.
  • Will it hit resistance, or is the trend your friend?
  • Is this one for momentum traders?
  • The price has been moving upwards, however, past performance is not necessarily an indication of the future.
  • Technical traders should be mindful of breaking news and events. This can influence price trends. Check our website and news outlets for updates.
  • Shares -0% from 12-month highs; +50% from 12 month lows.

Latest News

14 Jan:  Deutsche Bank reiterates its buy rating on Redrow (RDW) and increased the target price to 891p (from 704p).

13 Jan:  Peel Hunt reiterates its buy rating on Redrow (RDW) and increased the target price to 925p (from 665p).

09 Jan:  Berenberg reiterates its buy rating on Redrow (RDW) and increased the target price to 860p (from 690p).

07 Jan:  Canaccord Genuity reiterates its buy rating on Redrow (RDW) and increased the target price to 840p (from 700p).

02 Jan:  Barbara Richmond, Financial Director, exercised 2,812 shares within the firm on the 2nd January 2020 at a price of 320p. This Director currently has 619,562 shares.

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).

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

 

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