Redrow (RDW) Given New GBX 790 Price Target at HSBC
Redrow (LON:RDW) had its price objective lifted by equities researchers at HSBC from GBX 690 ($9.02) to GBX 790 ($10.32) in a report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. HSBC’s price target points to a potential upside of 28.56% from the company’s previous close.
RDW has been the subject of several other research reports. Peel Hunt dropped their target price on shares of Redrow from GBX 800 ($10.45) to GBX 620 ($8.10) and set a “buy” rating for the company in a report on Monday, December 10th. Liberum Capital reiterated a “buy” rating and issued a GBX 600 ($7.84) target price on shares of Redrow in a report on Thursday, December 6th. Shore Capital upgraded shares of Redrow to a “buy” rating in a report on Thursday, December 13th. Berenberg Bank dropped their target price on shares of Redrow from GBX 710 ($9.28) to GBX 690 ($9.02) and set a “buy” rating for the company in a report on Friday, February 15th. Finally, UBS Group reiterated a “buy” rating on shares of Redrow in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 669.18 ($8.74).
RDW stock opened at GBX 614.50 ($8.03) on Tuesday. The company has a market cap of $2.22 billion and a PE ratio of 7.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.20 and a current ratio of 3.27. Redrow has a one year low of GBX 455.80 ($5.96) and a one year high of GBX 651.50 ($8.51).
In related news, insider Barbara Richmond sold 15,028 shares of Redrow stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of GBX 600 ($7.84), for a total value of £90,168 ($117,820.46).
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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