Redrow (LON:RDW) had its target price raised by Liberum Capital from GBX 600 ($7.84) to GBX 710 ($9.28) in a report released on Thursday morning, Stock Target Advisor reports. Liberum Capital currently has a buy rating on the stock.
A number of other equities analysts also recently issued reports on the company. Jefferies Financial Group cut 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 note on Monday, December 2nd. Berenberg Bank reissued a buy rating on shares of Redrow in a report on Tuesday, September 10th. Deutsche Bank lowered their price objective on Redrow from GBX 728 ($9.51) to GBX 704 ($9.20) and set a buy rating for the company in a research note on Wednesday, September 25th. Peel Hunt restated a buy rating on shares of Redrow in a report on Monday, November 18th. Finally, UBS Group reaffirmed a buy rating and set a GBX 820 ($10.71) target price (up previously from GBX 815 ($10.65)) on shares of Redrow in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 696.60 ($9.10).
RDW opened at GBX 681 ($8.90) on Thursday. The company has a debt-to-equity ratio of 5.05, a current ratio of 3.35 and a quick ratio of 0.33. Redrow has a fifty-two week low of GBX 478.59 ($6.25) and a fifty-two week high of GBX 684 ($8.94). The firm has a market capitalization of $2.40 billion and a PE ratio of 7.40. The company’s 50-day moving average is GBX 639.08 and its 200 day moving average is GBX 586.40.
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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