Redrow (LON:RDW) was downgraded by research analysts at Goldman Sachs Group to a “sell” rating in a research report issued on Thursday, ThisIsMoney.Co.Uk reports.
Several other brokerages have also issued reports on RDW. HSBC boosted their price objective on Redrow from GBX 690 ($9.02) to GBX 790 ($10.32) and gave the company a “buy” rating in a research report on Tuesday, March 26th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Redrow in a research report on Friday, March 22nd. Berenberg Bank decreased their price objective on Redrow from GBX 710 ($9.28) to GBX 690 ($9.02) and set a “buy” rating for the company in a research report on Friday, February 15th. Finally, Shore Capital lowered Redrow to a “hold” rating in a research report on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 669.18 ($8.74).
Shares of RDW opened at GBX 558 ($7.29) on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.27 and a quick ratio of 0.20. Redrow has a 52-week low of GBX 478.59 ($6.25) and a 52-week high of GBX 676.73 ($8.84). The company has a market capitalization of $1.92 billion and a P/E ratio of 6.09.
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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