Redrow (RDW) Announces Earnings Results

Redrow (LON:RDW) posted its quarterly earnings data on Wednesday. The company reported GBX 39.50 ($0.55) EPS for the quarter, Bloomberg Earnings reports. The business had revenue of £8,900 billion during the quarter. Redrow had a return on equity of 24.10% and a net margin of 15.31%.

Shares of Redrow (RDW) traded up GBX 5.50 ($0.08) on Friday, hitting GBX 594 ($8.33). The company had a trading volume of 1,652,141 shares, compared to its average volume of 695,362. Redrow has a 52-week low of GBX 461.15 ($6.47) and a 52-week high of GBX 673.50 ($9.44). The stock has a market capitalization of $2,180.00 and a PE ratio of 761.54.

A number of analysts have recently commented on RDW shares. Liberum Capital boosted their price objective on Redrow from GBX 601 ($8.43) to GBX 734 ($10.29) and gave the company a “buy” rating in a research report on Tuesday, October 24th. Barclays cut Redrow to an “equal weight” rating and set a GBX 688 ($9.65) price objective for the company. in a research report on Monday, October 30th. boosted their price objective on Redrow from GBX 582 ($8.16) to GBX 734 ($10.29) and gave the company a “buy” rating in a research report on Monday, October 30th. Shore Capital restated a “hold” rating on shares of Redrow in a research report on Wednesday, November 8th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 740 ($10.38) price objective on shares of Redrow in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 678 ($9.51).

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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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