John F. Tutte Acquires 28,249 Shares of Redrow plc (LON:RDW) Stock

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).

About Redrow

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.

Featured Story: What Does Beta Mean In Stock Selection?

Receive News & Ratings for Redrow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redrow and related companies with's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit