Analysts’ Recent Ratings Changes for Redrow (RDW)

A number of firms have modified their ratings and price targets on shares of Redrow (LON: RDW) recently:

  • 2/7/2018 – Redrow had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 750 ($10.36) price target on the stock.
  • 2/7/2018 – Redrow was upgraded by analysts at Numis Securities Ltd to a “buy” rating. They now have a GBX 729 ($10.07) price target on the stock.
  • 2/7/2018 – Redrow had its “hold” rating reaffirmed by analysts at Shore Capital.
  • 2/7/2018 – Redrow had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 730 ($10.09) price target on the stock.
  • 2/7/2018 – Redrow had its price target raised by analysts at Peel Hunt from GBX 740 ($10.22) to GBX 755 ($10.43). They now have a “buy” rating on the stock.
  • 2/5/2018 – Redrow had its price target lowered by analysts at Barclays PLC from GBX 688 ($9.51) to GBX 650 ($8.98). They now have an “equal weight” rating on the stock.
  • 2/1/2018 – Redrow had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 730 ($10.09) price target on the stock.
  • 1/29/2018 – Redrow had its “hold” rating reaffirmed by analysts at Deutsche Bank AG.
  • 1/8/2018 – Redrow had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 740 ($10.22) price target on the stock.
  • 1/3/2018 – Redrow had its price target lowered by analysts at Liberum Capital from GBX 734 ($10.14) to GBX 730 ($10.09). They now have a “buy” rating on the stock.
  • 12/18/2017 – Redrow had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 668 ($9.23) price target on the stock.

Shares of Redrow plc (LON RDW) opened at GBX 587 ($8.11) on Tuesday. The stock has a market capitalization of $2,180.00 and a P/E ratio of 752.56. Redrow plc has a 12-month low of GBX 470 ($6.49) and a 12-month 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 for the quarter. Redrow had a return on equity of 24.10% and a net margin of 15.31%. The company had revenue of £890 million during the quarter.

The firm also recently disclosed a dividend, which will be paid on Friday, May 4th. Stockholders of record on Thursday, April 5th will be given a GBX 9 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a dividend yield of 1.52%.

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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