Redrow plc (LON:RDW) Receives Average Recommendation of “Hold” from Brokerages

Shares of Redrow plc (LON:RDW) have received a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 699.50 ($8.91).

Several brokerages have recently commented on RDW. JPMorgan Chase & Co. upgraded Redrow to a “neutral” rating and lifted their target price for the stock from GBX 410 ($5.22) to GBX 760 ($9.68) in a research note on Friday, April 12th. Royal Bank of Canada lowered shares of Redrow to a “sector perform” rating and set a GBX 750 ($9.55) price objective on the stock. in a research report on Thursday, March 21st. Finally, Berenberg Bank downgraded shares of Redrow to a “hold” rating and lifted their target price for the stock from GBX 643 ($8.19) to GBX 688 ($8.76) in a report on Friday, March 22nd.

Redrow Trading Up 1.4 %

Shares of LON:RDW opened at GBX 713.10 ($9.08) on Tuesday. The company has a 50-day simple moving average of GBX 680.58 and a 200 day simple moving average of GBX 640.47. The company has a market capitalization of £2.36 billion, a P/E ratio of 1,098.44, a price-to-earnings-growth ratio of -0.81 and a beta of 1.67. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 4.08. Redrow has a 52-week low of GBX 423.63 ($5.39) and a 52-week high of GBX 750 ($9.55).

About Redrow

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.