Redrow (LON:RDW) PT Raised to GBX 710 at Liberum Capital

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.

In other Redrow news, insider John F. Tutte sold 23,961 shares of the business’s stock in a transaction dated 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). Also, insider Graham Cope sold 150,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of GBX 664 ($8.68), for a total transaction of £996,000 ($1,301,450.41). Over the last ninety days, insiders sold 312,843 shares of company stock valued at $198,062,325.

About Redrow

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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Analyst Recommendations for Redrow (LON:RDW)

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