Shares of Redrow plc (LON:RDW) have received a consensus recommendation of “Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 645.43 ($8.43).
RDW has been the subject of several research reports. Goldman Sachs Group cut shares of Redrow to a “sell” rating in a research note on Thursday. HSBC increased their target price on shares of Redrow from GBX 690 ($9.02) to GBX 790 ($10.32) and gave the company a “buy” rating in a research note on Tuesday, March 26th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Redrow in a research note on Friday, March 22nd. Shore Capital cut shares of Redrow to a “hold” rating in a research note on Tuesday, May 28th. Finally, Peel Hunt reiterated a “buy” rating on shares of Redrow in a research note on Friday.
Shares of LON RDW traded up GBX 2 ($0.03) during mid-day trading on Monday, hitting GBX 547 ($7.15). The company had a trading volume of 439,123 shares, compared to its average volume of 997,321. 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’s 50-day moving average price is GBX 571.98. Redrow has a 12 month low of GBX 478.59 ($6.25) and a 12 month high of GBX 676.73 ($8.84). The company has a market cap of $1.88 billion and a price-to-earnings ratio of 5.97.
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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