Redrow plc (LON:RDW) Receives Consensus Recommendation of “Buy” from Brokerages

Redrow plc (LON:RDWGet Rating) has earned a consensus rating of “Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 865 ($11.27).

A number of analysts have recently issued reports on the stock. Liberum Capital restated a “buy” rating and set a GBX 840 ($10.95) target price on shares of Redrow in a research note on Monday, March 14th. Barclays restated an “overweight” rating and set a GBX 840 ($10.95) target price on shares of Redrow in a research note on Friday, February 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Redrow in a research note on Tuesday, February 8th. JPMorgan Chase & Co. cut their target price on shares of Redrow from GBX 890 ($11.60) to GBX 710 ($9.25) and set an “overweight” rating for the company in a research note on Friday, March 25th. Finally, Berenberg Bank raised their target price on shares of Redrow from GBX 980 ($12.77) to GBX 1,000 ($13.03) and gave the stock a “buy” rating in a research note on Wednesday, March 23rd.

LON RDW opened at GBX 535 ($6.97) on Friday. The firm has a 50-day moving average of GBX 557.72 and a 200-day moving average of GBX 622.41. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 3.44. The stock has a market cap of £1.88 billion and a PE ratio of 6.65. Redrow has a 52-week low of GBX 500.82 ($6.53) and a 52-week high of GBX 743.60 ($9.69).

The firm also recently declared a dividend, which was paid on Friday, April 8th. Investors of record on Thursday, February 24th were given a dividend of GBX 10 ($0.13) per share. This represents a yield of 1.6%. The ex-dividend date of this dividend was Thursday, February 24th. Redrow’s dividend payout ratio is 0.30%.

In other news, insider Richard Akers bought 20,000 shares of the firm’s stock in a transaction on Friday, February 11th. The shares were purchased at an average cost of GBX 619 ($8.07) per share, with a total value of £123,800 ($161,323.95). Also, insider Barbara Richmond sold 743 shares of Redrow stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of GBX 533 ($6.95), for a total transaction of £3,960.19 ($5,160.53).

Redrow Company Profile (Get Rating)

Redrow plc focuses on housebuilding activities in the United Kingdom. The company acquires land; and develops and sells 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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