Redrow (LON:RDW) Price Target Lowered to GBX 675 at Peel Hunt

Redrow (LON:RDW) had its target price lowered by Peel Hunt from GBX 925 ($11.38) to GBX 675 ($8.31) in a research note issued to investors on Tuesday morning, Stock Target Advisor reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also issued reports on RDW. Jefferies Financial Group decreased their target price on shares of Redrow from GBX 697 ($8.58) to GBX 675 ($8.31) and set a buy rating on the stock in a research report on Friday, June 26th. UBS Group reiterated a buy rating and set a GBX 690 ($8.49) price target (down previously from GBX 1,040 ($12.80)) on shares of Redrow in a research report on Wednesday, March 25th. HSBC increased their price target on shares of Redrow from GBX 410 ($5.05) to GBX 740 ($9.11) and gave the stock a buy rating in a research report on Tuesday, June 23rd. Berenberg Bank dropped their price objective on shares of Redrow from GBX 860 ($10.58) to GBX 540 ($6.65) and set a buy rating for the company in a research note on Friday, March 27th. Finally, Deutsche Bank dropped their price objective on shares of Redrow from GBX 891 ($10.96) to GBX 482 ($5.93) and set a buy rating for the company in a research note on Wednesday, April 8th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of GBX 659.33 ($8.11).

Shares of LON:RDW opened at GBX 430.80 ($5.30) on Tuesday. The company’s 50 day moving average price is GBX 474.79 and its two-hundred day moving average price is GBX 592.35. Redrow has a 12-month low of GBX 293 ($3.61) and a 12-month high of GBX 850.76 ($10.47). The firm has a market cap of $1.63 billion and a PE ratio of 5.02. The company has a quick ratio of 0.20, a current ratio of 3.56 and a debt-to-equity ratio of 4.57.

Redrow Company Profile

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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