Redrow (RDW) – Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Redrow (LON: RDW) in the last few weeks:

  • 1/14/2020 – Redrow had its price target raised by analysts at Deutsche Bank AG from GBX 704 ($9.26) to GBX 891 ($11.72). They now have a “buy” rating on the stock.
  • 1/9/2020 – Redrow had its price target raised by analysts at Berenberg Bank from GBX 690 ($9.08) to GBX 860 ($11.31). They now have a “buy” rating on the stock.
  • 1/8/2020 – Redrow had its “buy” rating reaffirmed by analysts at Peel Hunt LLP. They now have a GBX 665 ($8.75) price target on the stock.
  • 1/8/2020 – Redrow had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 665 ($8.75) price target on the stock.
  • 1/7/2020 – Redrow had its price target raised by analysts at Canaccord Genuity from GBX 700 ($9.21) to GBX 840 ($11.05). They now have a “buy” rating on the stock.
  • 12/5/2019 – Redrow had its price target raised by analysts at Liberum Capital from GBX 600 ($7.89) to GBX 710 ($9.34). They now have a “buy” rating on the stock.
  • 12/4/2019 – Redrow had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a GBX 820 ($10.79) price target on the stock, up previously from GBX 815 ($10.72).
  • 12/2/2019 – Redrow had its price target lowered by analysts at Jefferies Financial Group Inc from GBX 711 ($9.35) to GBX 707 ($9.30). They now have a “hold” rating on the stock.

Shares of Redrow stock traded up GBX 13 ($0.17) during trading on Tuesday, hitting GBX 806 ($10.60). 1,560,884 shares of the stock were exchanged, compared to its average volume of 997,321. The stock has a market capitalization of $2.83 billion and a price-to-earnings ratio of 8.76. The company has a fifty day moving average price of GBX 753.26 and a 200-day moving average price of GBX 638.52. Redrow plc has a 1-year low of GBX 528 ($6.95) and a 1-year high of GBX 777.36 ($10.23). The company has a current ratio of 3.35, a quick ratio of 0.33 and a debt-to-equity ratio of 5.05.

In related news, insider Graham Cope sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of GBX 664 ($8.73), for a total transaction of £996,000 ($1,310,181.53). Also, insider John F. Tutte purchased 28,249 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was acquired at an average price of GBX 88 ($1.16) per share, with a total value of £24,859.12 ($32,700.76).

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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