Redrow (RDW) Stock Rating Reaffirmed by Canaccord Genuity

Canaccord Genuity reiterated their buy rating on shares of Redrow (LON:RDW) in a research report report published on Wednesday morning. They currently have a GBX 750 ($10.52) price objective on the stock.

Several other equities analysts have also weighed in on RDW. Liberum Capital lifted their target price on shares of Redrow from GBX 601 ($8.43) to GBX 734 ($10.29) and gave the company a buy rating in a report on Tuesday, October 24th. Barclays lowered shares of Redrow to an equal weight rating and set a GBX 688 ($9.65) target price on the stock. in a report on Monday, October 30th. lifted their target price on shares of Redrow from GBX 582 ($8.16) to GBX 734 ($10.29) and gave the company a buy rating in a report on Monday, October 30th. Shore Capital restated a hold rating on shares of Redrow in a report on Wednesday, November 8th. Finally, Peel Hunt reiterated a buy rating and issued a GBX 740 ($10.38) price objective on shares of Redrow in a 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. Redrow has an average rating of Buy and an average price target of GBX 678 ($9.51).

Redrow (LON:RDW) opened at GBX 594 ($8.33) on Wednesday. The firm has a market cap of $2,180.00 and a price-to-earnings ratio of 761.54. Redrow has a 1-year low of GBX 461.15 ($6.47) and a 1-year high of GBX 673.50 ($9.44).

Redrow (LON:RDW) last posted its earnings results on Wednesday, February 7th. The company reported GBX 39.50 ($0.55) earnings per share for the quarter. The business had revenue of £890 million for the quarter. Redrow had a net margin of 15.31% and a return on equity of 24.10%.

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About Redrow

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.

Analyst Recommendations for Redrow (LON:RDW)

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