Redrow plc (RDW.L) (LON:RDW) Receives GBX 614.13 Consensus PT from Brokerages

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Shares of Redrow plc (RDW.L) (LON:RDW) have earned a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the firm, reports. Two research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 614.13 ($8.02).

A number of analysts have issued reports on the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 666 ($8.70) target price on shares of Redrow plc (RDW.L) in a research report on Monday, February 8th. Barclays lifted their price objective on Redrow plc (RDW.L) from GBX 645 ($8.43) to GBX 700 ($9.15) and gave the stock an “overweight” rating in a report on Thursday, February 11th. Credit Suisse Group lowered their price objective on Redrow plc (RDW.L) from GBX 640 ($8.36) to GBX 620 ($8.10) and set an “outperform” rating on the stock in a research note on Thursday, February 11th. Finally, Canaccord Genuity increased their target price on shares of Redrow plc (RDW.L) from GBX 650 ($8.49) to GBX 655 ($8.56) and gave the stock a “buy” rating in a research report on Thursday, February 11th.

Shares of RDW stock traded up GBX 3.50 ($0.05) during trading hours on Tuesday, hitting GBX 557 ($7.28). 1,132,875 shares of the company were exchanged, compared to its average volume of 1,172,367. The company has a current ratio of 3.14, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of £1.96 billion and a price-to-earnings ratio of 15.12. The firm has a fifty day simple moving average of GBX 545.74 and a 200 day simple moving average of GBX 494.74. Redrow plc has a 52-week low of GBX 293 ($3.83) and a 52-week high of GBX 838 ($10.95).

The company also recently declared a dividend, which will be paid on Friday, April 9th. Shareholders of record on Thursday, February 25th will be issued a GBX 6 ($0.08) dividend. This represents a yield of 1.07%. The ex-dividend date of this dividend is Thursday, February 25th. Redrow plc (RDW.L)’s payout ratio is 0.56%.

In related news, insider Andrew Nicholas Hewson sold 3,750 shares of Redrow plc (RDW.L) stock in a transaction on Friday, February 12th. The stock was sold at an average price of GBX 563 ($7.36), for a total transaction of £21,112.50 ($27,583.62).

About Redrow plc (RDW.L)

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 plc (RDW.L) (LON:RDW)

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