Redrow plc (LON:RDW) Receives GBX 602.40 Average PT from Analysts

Redrow plc (LON:RDW) has earned an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 634.50 ($8.02).

A number of equities analysts have issued reports on RDW shares. Berenberg Bank downgraded shares of Redrow to a “hold” rating and lifted their price objective for the stock from GBX 643 ($8.13) to GBX 688 ($8.69) in a report on Friday, March 22nd. Citigroup reaffirmed a “neutral” rating and set a GBX 756 ($9.55) price objective on shares of Redrow in a report on Friday, February 9th. Finally, Royal Bank of Canada downgraded shares of Redrow to a “sector perform” rating and set a GBX 750 ($9.48) price objective on the stock. in a report on Thursday, March 21st.

Insider Activity at Redrow

In related news, insider Matthew Pratt sold 27,430 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of GBX 653 ($8.25), for a total value of £179,117.90 ($226,359.03). 25.12% of the stock is currently owned by company insiders.

Redrow Stock Performance

Shares of RDW stock opened at GBX 668.50 ($8.45) on Thursday. The firm has a market capitalization of £2.21 billion, a PE ratio of 1,044.53, a price-to-earnings-growth ratio of -0.81 and a beta of 1.66. The firm has a fifty day simple moving average of GBX 643.35 and a two-hundred day simple moving average of GBX 571.49. The company has a current ratio of 4.08, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. Redrow has a 12 month low of GBX 423.63 ($5.35) and a 12 month high of GBX 700 ($8.85).

Redrow Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, April 8th. Investors of record on Thursday, February 22nd will be issued a GBX 5 ($0.06) dividend. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, February 22nd. Redrow’s dividend payout ratio (DPR) is currently 3,906.25%.

Redrow Company Profile

Redrow plc focuses on housebuilding activities in the United Kingdom. It is involved in acquires, develops, and resells land; develops and sells residential housing properties; and business park maintenance services. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.