Redrow (LON:RDW) had its price objective reduced by Jefferies Financial Group from GBX 711 ($9.29) to GBX 707 ($9.24) in a research report sent to investors on Monday morning, Stock Target Advisor reports. They currently have a hold rating on the stock.

Several other brokerages also recently weighed in on RDW. Liberum Capital reissued a buy rating and set a GBX 600 ($7.84) price target on shares of Redrow in a research report on Wednesday, November 6th. Berenberg Bank reaffirmed a buy rating on shares of Redrow in a research report on Tuesday, September 10th. Canaccord Genuity reiterated a buy rating and set a GBX 660 ($8.62) target price on shares of Redrow in a research note on Thursday, September 5th. Peel Hunt reissued a buy rating on shares of Redrow in a report on Monday, November 18th. Finally, UBS Group restated a buy rating and issued a GBX 815 ($10.65) price target (up previously from GBX 745 ($9.73)) on shares of Redrow in a research note on Wednesday, September 25th. Two 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 company currently has an average rating of Hold and an average price target of GBX 696.60 ($9.10).

Shares of LON RDW opened at GBX 673.22 ($8.80) on Monday. The firm’s 50 day moving average price is GBX 638.28 and its 200-day moving average price is GBX 585.87. The company has a market cap of $2.36 billion and a PE ratio of 7.32. Redrow has a 52-week low of GBX 478.59 ($6.25) and a 52-week high of GBX 684 ($8.94). The company has a debt-to-equity ratio of 5.05, a quick ratio of 0.33 and a current ratio of 3.35.

In related news, insider Graham Cope sold 150,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of GBX 664 ($8.68), for a total transaction of £996,000 ($1,301,450.41). Also, insider John F. Tutte sold 23,961 shares of the 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). In the last 90 days, insiders have sold 312,843 shares of company stock worth $198,062,325.

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.

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Analyst Recommendations for Redrow (LON:RDW)

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