Peel Hunt Reaffirms “Buy” Rating for Redrow (LON:RDW)
Peel Hunt reiterated their buy rating on shares of Redrow (LON:RDW) in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports.
RDW has been the subject of several other research reports. Shore Capital reiterated a hold rating on shares of Redrow in a research report on Monday, October 21st. Canaccord Genuity reiterated a buy rating and set a GBX 660 ($8.62) price target on shares of Redrow in a research report on Thursday, September 5th. Jefferies Financial Group reiterated a hold rating and set a GBX 711 ($9.29) price target (up previously from GBX 673 ($8.79)) on shares of Redrow in a research report on Friday, September 27th. Berenberg Bank reiterated a buy rating on shares of Redrow in a research report on Tuesday, September 10th. Finally, Liberum Capital reiterated a buy rating and set a GBX 600 ($7.84) price target on shares of Redrow in a research report on Wednesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. Redrow presently has an average rating of Hold and an average price target of GBX 685.50 ($8.96).
Shares of LON:RDW opened at GBX 604 ($7.89) on Wednesday. Redrow has a one year low of GBX 478.59 ($6.25) and a one year high of GBX 676.73 ($8.84). The company has a 50 day moving average of GBX 617.98 and a 200-day moving average of GBX 578.96. The company has a debt-to-equity ratio of 5.05, a current ratio of 3.35 and a quick ratio of 0.33. The stock has a market cap of $2.13 billion and a price-to-earnings ratio of 6.57.
In related news, insider John F. Tutte sold 138,882 shares of Redrow stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of GBX 607 ($7.93), for a total transaction of £843,013.74 ($1,101,546.77). Also, insider John F. Tutte sold 23,961 shares of Redrow stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of GBX 591 ($7.72), for a total transaction of £141,609.51 ($185,037.91).
Redrow Company Profile
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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