Redrow (LON:RDW) Share Price Crosses Above 200-Day Moving Average of $0.00

Redrow plc (LON:RDW) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $552.00. Redrow shares last traded at $549.36, with a volume of 295,964 shares trading hands.

A number of analysts have recently issued reports on RDW shares. Liberum Capital reaffirmed a “buy” rating on shares of Redrow in a report on Tuesday, July 9th. Goldman Sachs Group downgraded shares of Redrow to a “sell” rating in a report on Thursday, June 13th. Peel Hunt reissued a “buy” rating on shares of Redrow in a report on Tuesday, July 23rd. Shore Capital downgraded shares of Redrow to a “hold” rating in a report on Tuesday, May 28th. Finally, Jefferies Financial Group downgraded shares of Redrow to a “hold” rating in a report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Redrow currently has an average rating of “Hold” and a consensus target price of GBX 669.18 ($8.74).

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 firm has a market capitalization of $1.93 billion and a P/E ratio of 5.96. The company has a fifty day moving average of GBX 549.44.

About Redrow (LON:RDW)

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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