Redrow (LON:RDW) Stock Price Passes Above 200 Day Moving Average of $481.57

Redrow plc (LON:RDW – Get Rating) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 481.57 ($5.96) and traded as high as GBX 534.50 ($6.62). Redrow shares last traded at GBX 533 ($6.60), with a volume of 367,039 shares traded.

Analysts Set New Price Targets

Several brokerages have commented on RDW. Citigroup restated a “neutral” rating and set a GBX 477 ($5.91) target price on shares of Redrow in a research report on Monday, November 14th. Berenberg Bank decreased their target price on shares of Redrow from GBX 510 ($6.31) to GBX 466 ($5.77) and set a “hold” rating on the stock in a research report on Friday, November 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 499 ($6.18) target price on shares of Redrow in a research report on Monday, November 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 619.50 ($7.67).

Redrow Stock Down 0.3 %

The firm’s 50 day moving average is GBX 475.59 and its two-hundred day moving average is GBX 481.57. The stock has a market cap of £1.76 billion and a price-to-earnings ratio of 918.97. The company has a current ratio of 3.08, a quick ratio of 0.36 and a debt-to-equity ratio of 0.31.

Redrow Company Profile

(Get Rating)

Redrow plc focuses on housebuilding activities in the United Kingdom. It is involved in acquiring land; and develops and sells residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.