Redrow (LON:RDW) Given Buy Rating at UBS Group

Redrow (LON:RDW)‘s stock had its “buy” rating reissued by analysts at UBS Group in a report released on Wednesday, ThisIsMoney.Co.Uk reports. They presently have a GBX 820 ($10.71) price objective on the stock, up from their prior price objective of GBX 815 ($10.65). UBS Group’s price objective points to a potential upside of 23.31% from the company’s current price.

A number of other equities analysts have also weighed in on RDW. Berenberg Bank reiterated a “buy” rating on shares of Redrow in a report on Tuesday, September 10th. Peel Hunt restated a “buy” rating on shares of Redrow in a report on Monday, November 18th. Deutsche Bank cut their target price on Redrow from GBX 728 ($9.51) to GBX 704 ($9.20) and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 660 ($8.62) target price on shares of Redrow in a report on Thursday, September 5th. Finally, Jefferies Financial Group lowered their price target on Redrow from GBX 711 ($9.29) to GBX 707 ($9.24) and set a “hold” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Redrow has an average rating of “Hold” and an average price target of GBX 685.60 ($8.96).

Shares of RDW stock opened at GBX 665 ($8.69) on Wednesday. The company has a debt-to-equity ratio of 5.05, a quick ratio of 0.33 and a current ratio of 3.35. The firm has a market capitalization of $2.34 billion and a price-to-earnings ratio of 7.23. 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 price of GBX 636.40 and a 200 day moving average price of GBX 584.89.

In related news, insider Graham Cope sold 150,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of GBX 664 ($8.68), for a total value of £996,000 ($1,301,450.41). Also, insider John F. Tutte sold 23,961 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of GBX 591 ($7.72), for a total value of £141,609.51 ($185,037.91). In the last three months, insiders sold 312,843 shares of company stock worth $198,062,325.

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.

Featured Article: What does it mean to hold a stock in street name?

Analyst Recommendations for Redrow (LON:RDW)

Receive News & Ratings for Redrow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redrow and related companies with MarketBeat.com's FREE daily email newsletter.