Analysts Set Redrow plc (LON:RDW) Price Target at GBX 699.50

Shares of Redrow plc (LON:RDWGet Free Report) have earned an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 699.50 ($8.96).

Several equities analysts recently commented on RDW shares. Citigroup reaffirmed a “neutral” rating and set a GBX 756 ($9.69) target price on shares of Redrow in a report on Friday, February 9th. Berenberg Bank downgraded Redrow to a “hold” rating and lifted their price objective for the stock from GBX 643 ($8.24) to GBX 688 ($8.81) in a report on Friday, March 22nd. Royal Bank of Canada cut Redrow to a “sector perform” rating and set a GBX 750 ($9.61) target price for the company. in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. raised Redrow to a “neutral” rating and lifted their price target for the stock from GBX 410 ($5.25) to GBX 760 ($9.74) in a research note on Friday, April 12th.

Read Our Latest Stock Report on RDW

Redrow Stock Up 0.4 %

Shares of RDW opened at GBX 720 ($9.22) on Tuesday. The firm has a market cap of £2.38 billion, a P/E ratio of 1,125.00, a P/E/G ratio of -0.81 and a beta of 1.67. Redrow has a 1 year low of GBX 423.63 ($5.43) and a 1 year high of GBX 750 ($9.61). The stock has a 50 day simple moving average of GBX 678.93 and a two-hundred day simple moving average of GBX 636.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.08 and a quick ratio of 0.36.

About Redrow

(Get Free Report

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

Recommended Stories

Analyst Recommendations for Redrow (LON:RDW)

Receive News & Ratings for Redrow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redrow and related companies with MarketBeat.com's FREE daily email newsletter.