Redrow’s (RDW) “Buy” Rating Reiterated at Peel Hunt
Peel Hunt reiterated their buy rating on shares of Redrow (LON:RDW) in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other analysts have also recently weighed in on the company. Goldman Sachs Group set a $13.00 price target on Ford Motor and gave the company a buy rating in a research note on Thursday, June 13th. JPMorgan Chase & Co. set a $45.00 price target on Ciena and gave the company a buy rating in a research note on Friday, March 22nd. HSBC restated a buy rating on shares of LVMH Moet Hennessy Louis Vuitton in a research note on Tuesday, March 26th. Jefferies Financial Group upgraded SALVATORE FERRA/ADR from an underperform rating to a hold rating in a research note on Tuesday, June 25th. Finally, Shore Capital restated a hold rating on shares of Aviva in a research note on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 669.18 ($8.74).
Redrow stock opened at GBX 549.83 ($7.18) on Tuesday. Redrow has a 1-year low of GBX 478.59 ($6.25) and a 1-year high of GBX 676.73 ($8.84). The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.20 and a current ratio of 3.27. The firm has a market capitalization of $1.94 billion and a PE ratio of 6.00. The company has a fifty day simple moving average of GBX 548.43.
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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