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).

Redrow (LON:RDW) last released its quarterly earnings results on Wednesday, February 6th. The company reported GBX 41.50 ($0.54) EPS for the quarter. Analysts forecast that Redrow will post 6705.66353038578 earnings per share for the current year.

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).

About Redrow

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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Analyst Recommendations for Redrow (LON:RDW)

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