Redrow (LON:RDW) Price Target Lowered to GBX 675 at Peel Hunt

Redrow (LON:RDW) had its price target trimmed by Peel Hunt from GBX 925 ($11.38) to GBX 675 ($8.31) in a research report report published on Tuesday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently commented on RDW. UBS Group reissued a buy rating and issued a GBX 690 ($8.49) price target (down previously from GBX 1,040 ($12.80)) on shares of Redrow in a report on Wednesday, March 25th. Liberum Capital restated a hold rating on shares of Redrow in a research note on Monday, April 27th. JPMorgan Chase & Co. upped their price objective on Redrow from GBX 420 ($5.17) to GBX 510 ($6.28) and gave the company a neutral rating in a research note on Tuesday, May 26th. Berenberg Bank dropped their price target on Redrow from GBX 860 ($10.58) to GBX 540 ($6.65) and set a buy rating on the stock in a research report on Friday, March 27th. Finally, Jefferies Financial Group dropped their price target on Redrow from GBX 697 ($8.58) to GBX 675 ($8.31) and set a buy rating on the stock in a research report on Friday, June 26th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 659.33 ($8.11).

Shares of RDW opened at GBX 430.80 ($5.30) on Tuesday. The company has a market capitalization of $1.63 billion and a P/E ratio of 5.02. Redrow has a one year low of GBX 293 ($3.61) and a one year high of GBX 850.76 ($10.47). The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.20 and a current ratio of 3.56. The stock has a 50-day moving average price of GBX 474.79 and a 200 day moving average price of GBX 592.35.

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 Story: Marijuana Stocks Future Looks Bright

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.