Brokerages Set Redrow plc (RDW) Target Price at $647.88

Shares of Redrow plc (LON:RDW) have been given an average rating of “Buy” by the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 647.88 ($8.47).

Several equities analysts have recently weighed in on RDW shares. Canaccord Genuity reissued a “buy” rating and issued a GBX 630 ($8.23) price target on shares of Redrow in a research note on Wednesday, February 6th. Shore Capital reissued a “buy” rating on shares of Redrow in a research note on Wednesday, February 6th. Liberum Capital reaffirmed a “buy” rating and set a GBX 600 ($7.84) target price on shares of Redrow in a research note on Wednesday, February 6th. Peel Hunt lifted their target price on shares of Redrow from GBX 620 ($8.10) to GBX 665 ($8.69) and gave the stock a “buy” rating in a research note on Wednesday, February 6th. Finally, Berenberg Bank lifted their target price on shares of Redrow from GBX 650 ($8.49) to GBX 710 ($9.28) and gave the stock a “buy” rating in a research note on Monday, January 28th.

Shares of LON:RDW traded down GBX 2 ($0.03) during midday trading on Thursday, hitting GBX 572 ($7.47). The company’s stock had a trading volume of 388,250 shares, compared to its average volume of 997,321. The company has a current ratio of 3.27, a quick ratio of 0.20 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.97 billion and a P/E ratio of 6.24. Redrow has a 12-month low of GBX 455.80 ($5.96) and a 12-month 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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