Shares of Redrow plc (LON:RDW) have earned a consensus recommendation of “Hold” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 696.67 ($9.10).
A number of analysts have issued reports on RDW shares. Berenberg Bank reissued a “buy” rating on shares of Redrow in a research report on Tuesday, September 10th. Liberum Capital reissued a “buy” rating on shares of Redrow in a research report on Friday, September 6th. Canaccord Genuity reissued a “buy” rating and issued a GBX 660 ($8.62) target price on shares of Redrow in a research report on Thursday, September 5th. UBS Group reissued a “buy” rating and issued a GBX 815 ($10.65) target price (up previously from GBX 745 ($9.73)) on shares of Redrow in a research report on Wednesday, September 25th. Finally, Peel Hunt reissued a “buy” rating on shares of Redrow in a research report on Tuesday.
RDW stock opened at GBX 626 ($8.18) on Friday. The firm has a market cap of $2.20 billion and a PE ratio of 6.80. The company has a debt-to-equity ratio of 5.05, a quick ratio of 0.33 and a current ratio of 3.35. The firm’s 50 day moving average price is GBX 601.52 and its 200-day moving average price is GBX 578.56. Redrow has a one year low of GBX 478.59 ($6.25) and a one year high of GBX 676.73 ($8.84).
In related news, insider John F. Tutte sold 138,882 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of GBX 607 ($7.93), for a total transaction of £843,013.74 ($1,101,546.77). Also, insider John F. Tutte sold 23,961 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of GBX 591 ($7.72), for a total transaction of £141,609.51 ($185,037.91).
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.
Featured Article: Technical Analysis of Stocks and What It Means
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.