Several other research firms also recently commented on RDW. Peel Hunt reaffirmed a buy rating and set a GBX 740 ($10.22) price objective on shares of Redrow in a report on Monday, January 8th. Liberum Capital decreased their price target on Redrow from GBX 734 ($10.14) to GBX 730 ($10.09) and set a buy rating on the stock in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. upped their price objective on shares of Redrow from GBX 650 ($8.98) to GBX 680 ($9.39) and gave the stock an overweight rating in a research report on Thursday, December 14th. Deutsche Bank restated a hold rating on shares of Redrow in a research report on Monday, January 29th. Finally, Canaccord Genuity restated a buy rating and issued a GBX 750 ($10.36) price objective on shares of Redrow in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of GBX 680.15 ($9.40).
Shares of Redrow (LON RDW) traded up GBX 9 ($0.12) during trading hours on Thursday, hitting GBX 608.50 ($8.41). 439,633 shares of the company were exchanged, compared to its average volume of 1,010,000. The stock has a market cap of $2,230.00 and a P/E ratio of 780.13. Redrow has a 52 week low of GBX 488 ($6.74) and a 52 week high of GBX 673.50 ($9.31).
Redrow (LON:RDW) last posted its quarterly earnings data on Wednesday, February 7th. The company reported GBX 39.50 ($0.55) earnings per share (EPS) for the quarter. The firm had revenue of £890 million for the quarter. Redrow had a net margin of 16.07% and a return on equity of 22.13%.
The firm also recently declared a dividend, which will be paid on Friday, May 4th. Shareholders of record on Thursday, April 5th will be given a dividend of GBX 9 ($0.12) per share. This represents a yield of 1.52%. The ex-dividend date of this dividend is Thursday, April 5th.
Redrow Company Profile
Redrow PLC is engaged in residential housing development. The Company is engaged in constructing homes throughout England and Wales. The Company’s operations are focused on housebuilding. Its product range is focused on traditional family housing in its regional businesses and apartment schemes in Greater London.
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