Redrow plc (RDW) Earns “Buy” Rating from Liberum Capital
Redrow plc (LON:RDW)‘s stock had its “buy” rating reiterated by Liberum Capital in a research note issued to investors on Tuesday. They currently have a GBX 601 ($7.76) price objective on the stock. Liberum Capital’s target price suggests a potential downside of 4.98% from the company’s current price.
A number of other research analysts have also recently commented on RDW. Shore Capital restated a “hold” rating on shares of Redrow plc in a research note on Tuesday. Barclays PLC restated an “overweight” rating and set a GBX 688 ($8.89) price target on shares of Redrow plc in a research note on Wednesday, September 6th. Beaufort Securities restated a “buy” rating and set a GBX 720 ($9.30) price target on shares of Redrow plc in a research note on Wednesday, September 6th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 600 ($7.75) price target on shares of Redrow plc in a research note on Wednesday, September 6th. Finally, Deutsche Bank AG raised their price target on shares of Redrow plc from GBX 549 ($7.09) to GBX 668 ($8.63) and gave the stock a “hold” rating in a research note on Thursday, September 7th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Redrow plc has a consensus rating of “Buy” and an average price target of GBX 646.91 ($8.35).
Shares of Redrow plc (RDW) opened at 583.00 on Tuesday. The firm’s market capitalization is GBX 2.12 billion. The stock’s 50 day moving average price is GBX 599.47 and its 200-day moving average price is GBX 556.86. Redrow plc has a 12 month low of GBX 366.50 and a 12 month high of GBX 666.00.
Redrow plc (LON:RDW) last released its earnings results on Monday, September 4th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. Redrow plc had a return on equity of 21.11% and a net margin of 15.16%. On average, equities analysts anticipate that Redrow plc will post $63.36 earnings per share for the current fiscal year.
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In other news, insider John F. Tutte sold 89,447 shares of Redrow plc stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of GBX 627 ($8.10), for a total value of £560,832.69 ($724,309.30).
Redrow plc Company Profile
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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