Redrow plc (RDW) Receives Average Rating of “Buy” from Brokerages

Shares of Redrow plc (LON:RDW) have been given an average recommendation of “Buy” by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 647.88 ($8.47).

RDW has been the subject of several recent research reports. HSBC boosted their price target on Redrow from GBX 690 ($9.02) to GBX 790 ($10.32) and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Shore Capital reissued a “buy” rating on shares of Redrow in a research report on Wednesday, February 6th. Berenberg Bank reduced their price target on Redrow from GBX 710 ($9.28) to GBX 690 ($9.02) and set a “buy” rating for the company in a research report on Friday, February 15th. Liberum Capital reaffirmed a “buy” rating and set a GBX 600 ($7.84) target price on shares of Redrow in a research report on Wednesday, February 6th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 630 ($8.23) target price on shares of Redrow in a research report on Wednesday, February 6th.

Shares of RDW traded down GBX 5 ($0.07) during trading hours on Thursday, hitting GBX 550 ($7.19). The company had a trading volume of 585,278 shares, compared to its average volume of 997,321. The firm has a market cap of $1.88 billion and a price-to-earnings ratio of 6.00. The company has a current ratio of 3.27, a quick ratio of 0.20 and a debt-to-equity ratio of 0.06. Redrow has a one year low of GBX 455.80 ($5.96) and a one year high of GBX 644.50 ($8.42).

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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Analyst Recommendations for Redrow (LON:RDW)

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