Redrow’s (RDW) Hold Rating Reaffirmed at Liberum Capital

Liberum Capital reaffirmed their hold rating on shares of Redrow (LON:RDW) in a report published on Tuesday morning, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently weighed in on RDW. Jefferies Financial Group lowered their price target on Redrow from GBX 697 ($8.58) to GBX 675 ($8.31) and set a buy rating on the stock in a report on Friday, June 26th. Peel Hunt lowered their price target on Redrow from GBX 925 ($11.38) to GBX 675 ($8.31) and set a buy rating on the stock in a report on Tuesday. HSBC upped their price target on Redrow from GBX 410 ($5.05) to GBX 740 ($9.11) and gave the stock a buy rating in a report on Tuesday, June 23rd. Canaccord Genuity restated a buy rating and issued a GBX 560 ($6.89) price target on shares of Redrow in a report on Thursday, May 14th. Finally, UBS Group reiterated a buy rating and set a GBX 690 ($8.49) target price (down previously from GBX 1,040 ($12.80)) on shares of Redrow in a report on Wednesday, March 25th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of GBX 671.55 ($8.26).

RDW opened at GBX 430.80 ($5.30) on Tuesday. The stock has a market cap of $1.63 billion and a P/E ratio of 5.38. The company has a debt-to-equity ratio of 4.57, a current ratio of 3.56 and a quick ratio of 0.20. The stock’s 50 day simple moving average is GBX 474.79 and its 200 day simple moving average is GBX 592.35. Redrow has a 1-year low of GBX 293 ($3.61) and a 1-year high of GBX 850.76 ($10.47).

About Redrow

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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