Redrow (RDW) Releases Earnings Results
Redrow (LON:RDW) released its earnings results on Wednesday. The company reported GBX 39.50 ($0.55) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Redrow had a net margin of 15.31% and a return on equity of 24.10%. The company had revenue of £8,900 billion for the quarter.
Redrow (RDW) traded up GBX 5.50 ($0.08) on Friday, reaching GBX 594 ($8.33). 1,652,141 shares of the company’s stock traded hands, compared to its average volume of 695,362. Redrow has a 1 year low of GBX 461.15 ($6.47) and a 1 year high of GBX 673.50 ($9.44). The firm has a market capitalization of $2,180.00 and a P/E ratio of 761.54.
RDW has been the topic of a number of research reports. Liberum Capital boosted their target price on shares of Redrow from GBX 601 ($8.43) to GBX 734 ($10.29) and gave the company a “buy” rating in a research report on Tuesday, October 24th. Peel Hunt reiterated a “buy” rating and set a GBX 740 ($10.38) target price on shares of Redrow in a research report on Thursday, November 9th. boosted their target price on shares of Redrow from GBX 582 ($8.16) to GBX 734 ($10.29) and gave the company a “buy” rating in a research report on Monday, October 30th. Numis Securities upgraded shares of Redrow to a “buy” rating and set a GBX 729 ($10.22) target price on the stock in a research report on Wednesday. Finally, Canaccord Genuity reiterated a “buy” rating and set a GBX 750 ($10.52) target price on shares of Redrow in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 678 ($9.51).
Redrow PLC is engaged in residential housing development. The Company is engaged in constructing homes throughout England and Wales. The Company’s operations are focused on housebuilding. Its product range is focused on traditional family housing in its regional businesses and apartment schemes in Greater London.
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