Redrow (LON:RDW) Given New GBX 801 Price Target at Deutsche Bank Aktiengesellschaft

Redrow (LON:RDW) had its price objective cut by Deutsche Bank Aktiengesellschaft from GBX 809 ($10.98) to GBX 801 ($10.87) in a report published on Friday, PriceTargets.com reports. They currently have a buy rating on the stock.

RDW has been the topic of several other research reports. Barclays reaffirmed an overweight rating on shares of Redrow in a research note on Monday, December 6th. Peel Hunt restated a buy rating and issued a GBX 900 ($12.22) price target on shares of Redrow in a report on Friday, November 5th. Peel Hunt reiterated a buy rating and set a GBX 900 ($12.22) price objective on shares of Redrow in a report on Friday, November 5th. Berenberg Bank increased their price objective on Redrow from GBX 880 ($11.95) to GBX 980 ($13.30) and gave the stock a buy rating in a report on Monday, November 22nd. Finally, Liberum Capital reiterated a buy rating and set a GBX 900 ($12.22) price objective on shares of Redrow in a report on Thursday, December 16th. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of GBX 814.73 ($11.06).

Shares of RDW stock opened at GBX 637 ($8.65) on Friday. The stock’s fifty day simple moving average is GBX 668.97 and its 200 day simple moving average is GBX 662.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.62 and a quick ratio of 0.34. The firm has a market cap of £2.24 billion and a price-to-earnings ratio of 8.65. Redrow has a one year low of GBX 511 ($6.94) and a one year high of GBX 743.60 ($10.09).

In other Redrow news, insider Barbara Richmond bought 1,104 shares of the business’s stock in a transaction dated Wednesday, November 17th. The shares were purchased at an average price of GBX 638 ($8.66) per share, for a total transaction of £7,043.52 ($9,560.91).

Redrow Company Profile

Redrow plc focuses on housebuilding activities in the United Kingdom. The company acquires land; and develops and sells residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.

See Also: What does an equal weight rating mean?

Analyst Recommendations for Redrow (LON:RDW)

Receive News & Ratings for Redrow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redrow and related companies with MarketBeat.com's FREE daily email newsletter.