Several other research analysts also recently weighed in on RDW. Liberum Capital reissued a buy rating and issued a GBX 725 ($8.76) target price on shares of Redrow in a research report on Wednesday, May 25th. Berenberg Bank downgraded shares of Redrow to a hold rating and dropped their target price for the stock from GBX 1,000 ($12.08) to GBX 510 ($6.16) in a research report on Monday, September 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of GBX 767 ($9.27).
Redrow Stock Performance
Shares of RDW opened at GBX 476.40 ($5.76) on Wednesday. The firm’s 50 day moving average is GBX 533.74 and its 200-day moving average is GBX 525.98. The stock has a market capitalization of £1.65 billion and a P/E ratio of 780.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.08 and a quick ratio of 0.37. Redrow has a 12-month low of GBX 450.31 ($5.44) and a 12-month high of GBX 723.01 ($8.74).
Redrow Increases Dividend
Insider Buying and Selling at Redrow
In other news, insider Andrew Nicholas Hewson bought 20,000 shares of the stock in a transaction dated Thursday, July 14th. The shares were acquired at an average price of GBX 520 ($6.28) per share, with a total value of £104,000 ($125,664.57). In other news, insider Barbara Richmond sold 6,100 shares of the company’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of GBX 501 ($6.05), for a total value of £30,561 ($36,927.26). Also, insider Andrew Nicholas Hewson bought 20,000 shares of the stock in a transaction dated Thursday, July 14th. The stock was purchased at an average cost of GBX 520 ($6.28) per share, for a total transaction of £104,000 ($125,664.57).
Redrow 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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