Redrow plc (LON:RDW) has earned a consensus rating of “Buy” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 772 ($10.16).
Several research analysts have recently weighed in on RDW shares. Peel Hunt restated a “buy” rating and issued a GBX 665 ($8.75) price target on shares of Redrow in a research note on Wednesday, January 8th. Shore Capital restated a “hold” rating on shares of Redrow in a research note on Wednesday, November 6th. Canaccord Genuity lifted their price objective on Redrow from GBX 700 ($9.21) to GBX 840 ($11.05) and gave the stock a “buy” rating in a report on Tuesday, January 7th. UBS Group reaffirmed a “buy” rating and issued a GBX 820 ($10.79) price objective (up previously from GBX 815 ($10.72)) on shares of Redrow in a report on Wednesday, December 4th. Finally, Jefferies Financial Group cut their price objective on Redrow from GBX 711 ($9.35) to GBX 707 ($9.30) and set a “hold” rating for the company in a report on Monday, December 2nd.
In other Redrow news, insider Graham Cope sold 150,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of GBX 664 ($8.73), for a total transaction of £996,000 ($1,310,181.53). Also, insider John F. Tutte purchased 28,249 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were bought at an average cost of GBX 88 ($1.16) per share, with a total value of £24,859.12 ($32,700.76).
Shares of RDW stock traded up GBX 23 ($0.30) during mid-day trading on Tuesday, hitting GBX 806 ($10.60). The company’s stock had a trading volume of 1,451,540 shares, compared to its average volume of 997,321. Redrow has a 52-week low of GBX 528 ($6.95) and a 52-week high of GBX 777.36 ($10.23). The business has a 50-day moving average price of GBX 743.28 and a 200 day moving average price of GBX 633.34. The company has a debt-to-equity ratio of 5.05, a quick ratio of 0.33 and a current ratio of 3.35. The stock has a market cap of $2.84 billion and a price-to-earnings ratio of 8.76.
Redrow Company Profile
Redrow plc focuses on housebuilding activities in the United Kingdom. The company acquires land; and develops residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.
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