Redrow plc (LON:RDW) insider John F. Tutte bought 28,249 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were purchased at an average price of GBX 88 ($1.15) per share, for a total transaction of £24,859.12 ($32,482.84).
Shares of RDW stock opened at GBX 671 ($8.77) on Friday. Redrow plc has a one year low of GBX 478.59 ($6.25) and a one year high of GBX 684 ($8.94). The company has a debt-to-equity ratio of 5.05, a quick ratio of 0.33 and a current ratio of 3.35. The company has a 50 day moving average price of GBX 638.28 and a 200 day moving average price of GBX 585.87. The firm has a market capitalization of $2.36 billion and a price-to-earnings ratio of 7.29.
RDW has been the subject of several analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a GBX 660 ($8.62) price target on shares of Redrow in a report on Thursday, September 5th. Jefferies Financial Group reduced their price target on Redrow from GBX 711 ($9.29) to GBX 707 ($9.24) and set a “hold” rating on the stock in a research note on Monday. Berenberg Bank restated a “buy” rating on shares of Redrow in a report on Tuesday, September 10th. Liberum Capital lifted their price objective on Redrow from GBX 600 ($7.84) to GBX 710 ($9.28) and gave the company a “buy” rating in a research report on Thursday. Finally, UBS Group reiterated a “buy” rating and issued a GBX 820 ($10.71) target price (up from GBX 815 ($10.65)) on shares of Redrow in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 696.60 ($9.10).
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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