Peel Hunt Reiterates “Buy” Rating for Redrow (LON:RDW)

Redrow (LON:RDW)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports.

RDW has been the topic of a number of other reports. Liberum Capital reiterated a “buy” rating on shares of Redrow in a research note on Tuesday, July 9th. Shore Capital lowered shares of Redrow to a “hold” rating in a research note on Tuesday, May 28th. Jefferies Financial Group lowered shares of Redrow to a “hold” rating in a research note on Tuesday, June 25th. Finally, Goldman Sachs Group lowered shares of Redrow to a “sell” rating in a research note on Thursday, June 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 659.60 ($8.62).

Shares of Redrow stock opened at GBX 554 ($7.24) on Tuesday. Redrow has a 52-week low of GBX 478.59 ($6.25) and a 52-week high of GBX 676.73 ($8.84). 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 company’s 50-day simple moving average is GBX 551.59 and its 200-day simple moving average is GBX 579.98. The firm has a market cap of $1.95 billion and a price-to-earnings ratio of 6.05.

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.

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Analyst Recommendations for Redrow (LON:RDW)

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