Brokerages Set Redrow plc (LON:RDW) Target Price at GBX 653

Redrow plc (LON:RDW) has earned an average recommendation of “Hold” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 653 ($8.53).

A number of analysts have weighed in on the stock. Goldman Sachs Group downgraded shares of Redrow to a “sell” rating in a report on Thursday, June 13th. Peel Hunt restated a “buy” rating on shares of Redrow in a research note on Tuesday, July 23rd. Shore Capital cut shares of Redrow to a “hold” rating in a research note on Tuesday, May 28th. Jefferies Financial Group cut shares of Redrow to a “hold” rating in a research note on Tuesday, June 25th. Finally, Liberum Capital restated a “buy” rating on shares of Redrow in a research note on Tuesday, July 9th.

Shares of LON RDW traded up GBX 8 ($0.10) during trading hours on Tuesday, hitting GBX 546 ($7.13). 648,924 shares of the stock were exchanged, compared to its average volume of 997,321. The company has a quick ratio of 0.20, a current ratio of 3.27 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is GBX 549.49. The stock has a market cap of $1.93 billion and a price-to-earnings ratio of 5.96. Redrow has a one year low of GBX 478.59 ($6.25) and a one year high of GBX 676.73 ($8.84).

About Redrow

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.

Further Reading: Cost of Equity For A Business, Investors

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.