Redrow plc (RDW) Earns “Overweight” Rating from Barclays PLC
A number of other equities research analysts also recently issued reports on RDW. Deutsche Bank AG upped their price objective on shares of Redrow plc from GBX 548 ($7.08) to GBX 549 ($7.09) and gave the stock a hold rating in a research report on Wednesday, May 31st. Liberum Capital reaffirmed a buy rating and issued a GBX 561 ($7.25) price objective on shares of Redrow plc in a research report on Friday, June 9th. Jefferies Group LLC upped their price objective on shares of Redrow plc from GBX 666 ($8.60) to GBX 682 ($8.81) and gave the stock a buy rating in a research report on Monday, June 26th. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 600 ($7.75) price objective on shares of Redrow plc in a research report on Friday, July 7th. Finally, Peel Hunt upped their price objective on shares of Redrow plc from GBX 675 ($8.72) to GBX 740 ($9.56) and gave the stock a buy rating in a research report on Tuesday, September 5th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of GBX 646.91 ($8.35).
Redrow plc (RDW) opened at 630.50 on Wednesday. The stock’s 50 day moving average is GBX 597.91 and its 200-day moving average is GBX 554.81. Redrow plc has a 1-year low of GBX 366.50 and a 1-year high of GBX 666.00. The firm’s market capitalization is GBX 2.29 billion.
Redrow plc (LON:RDW) last posted its earnings results on Monday, September 4th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. Redrow plc had a net margin of 15.16% and a return on equity of 21.11%. Analysts forecast that Redrow plc will post $63.36 EPS for the current year.
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About Redrow plc
Redrow PLC is engaged in residential housing development. The Company is engaged in constructing homes throughout England and Wales. The Company’s operations are focused on housebuilding. Its product range is focused on traditional family housing in its regional businesses and apartment schemes in Greater London.
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