Redrow (LON:RDW)‘s stock had its “buy” rating restated by equities researchers at Peel Hunt in a research note issued on Friday, ThisIsMoney.Co.Uk reports.
A number of other analysts have also weighed in on RDW. Goldman Sachs Group lowered Redrow to a “sell” rating in a research report on Thursday. Shore Capital lowered Redrow to a “hold” rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Redrow in a research report on Friday, March 22nd. Berenberg Bank cut their price objective on Redrow from GBX 710 ($9.28) to GBX 690 ($9.02) and set a “buy” rating on the stock in a research report on Friday, February 15th. Finally, HSBC upped their price objective on Redrow from GBX 690 ($9.02) to GBX 790 ($10.32) and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 669.18 ($8.74).
Redrow stock opened at GBX 545 ($7.12) on Friday. Redrow has a twelve month low of GBX 478.59 ($6.25) and a twelve month high of GBX 676.73 ($8.84). The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.20 and a current ratio of 3.27. The firm has a market cap of $1.87 billion and a PE ratio of 5.95.
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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