Redrow (LON:RDW) Rating Reiterated by Berenberg Bank

Posted by on Sep 20th, 2023

Redrow (LON:RDW – Get Free Report)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research note issued on Monday, Marketbeat Ratings reports. They presently have a GBX 843 ($10.44) target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 70.79% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Redrow from GBX 650 ($8.05) to GBX 643 ($7.96) and set a “buy” rating on the stock in a research report on Thursday, June 22nd. UBS Group reiterated a “buy” rating and set a GBX 600 ($7.43) price target on shares of Redrow in a research report on Monday, June 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Redrow from GBX 440 ($5.45) to GBX 370 ($4.58) and set an “underweight” rating on the stock in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 588.20 ($7.29).

View Our Latest Research Report on Redrow

Redrow Stock Performance

Redrow stock opened at GBX 493.60 ($6.11) on Monday. The company has a quick ratio of 0.36, a current ratio of 3.07 and a debt-to-equity ratio of 0.31. The company has a market capitalization of £1.63 billion, a PE ratio of 881.43, a P/E/G ratio of -0.81 and a beta of 1.68. The firm has a fifty day simple moving average of GBX 486.99 and a two-hundred day simple moving average of GBX 483.93. Redrow has a twelve month low of GBX 367.40 ($4.55) and a twelve month high of GBX 558.50 ($6.92).

About Redrow

(Get Free Report)

Redrow plc focuses on housebuilding activities in the United Kingdom. It is involved in acquiring land; and develops and sells residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.

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