Redrow (LON:RDW) Sets New 12-Month High at $648.60
Redrow plc (LON:RDW) hit a new 52-week high on Tuesday . The stock traded as high as GBX 648.60 ($8.47) and last traded at GBX 644 ($8.41), with a volume of 145467 shares trading hands. The stock had previously closed at GBX 637 ($8.32).
Several equities analysts recently weighed in on the stock. UBS Group dropped their price target on shares of Redrow from GBX 885 ($11.56) to GBX 810 ($10.58) and set a “buy” rating on the stock in a research report on Thursday, March 18th. Canaccord Genuity raised their price target on shares of Redrow from GBX 650 ($8.49) to GBX 655 ($8.56) and gave the company a “buy” rating in a research report on Thursday, February 11th. Credit Suisse Group dropped their price target on shares of Redrow from GBX 640 ($8.36) to GBX 620 ($8.10) and set an “outperform” rating on the stock in a research report on Thursday, February 11th. JPMorgan Chase & Co. raised their price target on shares of Redrow from GBX 710 ($9.28) to GBX 750 ($9.80) and gave the company an “overweight” rating in a research report on Monday, March 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 666 ($8.70) price target on shares of Redrow in a research report on Monday, February 8th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 662.30 ($8.65).
The company’s 50 day moving average price is GBX 598.75 and its 200-day moving average price is GBX 527.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 3.14. The company has a market cap of £2.30 billion and a PE ratio of 18.00.
In other news, insider Andrew Nicholas Hewson sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, February 12th. The shares were sold at an average price of GBX 563 ($7.36), for a total transaction of £21,112.50 ($27,583.62). Also, insider John F. Tutte sold 40,731 shares of the firm’s stock in a transaction that occurred on Tuesday, February 23rd. The stock was sold at an average price of GBX 554 ($7.24), for a total transaction of £225,649.74 ($294,812.83).
About Redrow (LON:RDW)
Redrow plc focuses on housebuilding activities in the United Kingdom. The company acquires land; and develops and sells residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.
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