Redrow plc (RDW.L) (LON:RDW) Receives GBX 614.13 Consensus Target Price from Brokerages

Redrow plc (RDW.L) (LON:RDW) has been given a consensus recommendation of “Buy” by the twelve analysts that are covering the stock, reports. Two equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 614.13 ($8.02).

Several equities analysts have recently weighed in on RDW shares. Canaccord Genuity raised their price objective on Redrow plc (RDW.L) from GBX 650 ($8.49) to GBX 655 ($8.56) and gave the company a “buy” rating in a report on Thursday, February 11th. Jefferies Financial Group restated a “buy” rating and issued a GBX 666 ($8.70) price target on shares of Redrow plc (RDW.L) in a research note on Monday, February 8th. Credit Suisse Group lowered their price target on Redrow plc (RDW.L) from GBX 640 ($8.36) to GBX 620 ($8.10) and set an “outperform” rating on the stock in a research report on Thursday, February 11th. Finally, Barclays increased their price objective on Redrow plc (RDW.L) from GBX 645 ($8.43) to GBX 700 ($9.15) and gave the company an “overweight” rating in a report on Thursday, February 11th.

Shares of RDW traded up GBX 3.50 ($0.05) during midday trading on Tuesday, hitting GBX 557 ($7.28). The stock had a trading volume of 1,132,875 shares, compared to its average volume of 1,172,367. The firm has a market cap of £1.96 billion and a price-to-earnings ratio of 15.12. The company has a 50 day simple moving average of GBX 545.74 and a two-hundred day simple moving average of GBX 494.74. Redrow plc has a twelve month low of GBX 293 ($3.83) and a twelve month high of GBX 838 ($10.95). The company has a debt-to-equity ratio of 0.23, a current ratio of 3.14 and a quick ratio of 0.35.

The business also recently disclosed a dividend, which will be paid on Friday, April 9th. Stockholders of record on Thursday, February 25th will be given a GBX 6 ($0.08) dividend. This represents a dividend yield of 1.07%. The ex-dividend date is Thursday, February 25th. Redrow plc (RDW.L)’s payout ratio is presently 0.56%.

In related news, insider Andrew Nicholas Hewson sold 3,750 shares of the business’s stock in a transaction on Friday, February 12th. The stock was sold at an average price of GBX 563 ($7.36), for a total value of £21,112.50 ($27,583.62).

Redrow plc (RDW.L) Company Profile

Redrow plc focuses on housebuilding activities in the United Kingdom. The company acquires land; and develops and sells 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 plc (RDW.L) (LON:RDW)

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