Redrow (LON:RDW) Receives “Buy” Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Redrow (LON:RDW) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts also recently commented on the stock. Goldman Sachs Group downgraded shares of Redrow to a sell rating in a research report on Thursday, June 13th. Jefferies Financial Group downgraded shares of Redrow to a hold rating in a research report on Tuesday, June 25th. Liberum Capital reissued a buy rating on shares of Redrow in a research report on Tuesday, July 9th. Finally, Shore Capital downgraded shares of Redrow to a hold rating in a research report on Tuesday, May 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Redrow has an average rating of Hold and a consensus target price of GBX 659.60 ($8.62).

Redrow stock opened at GBX 566 ($7.40) on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.27 and a quick ratio of 0.20. The company has a market capitalization of $1.99 billion and a price-to-earnings ratio of 6.18. Redrow has a one year low of GBX 478.59 ($6.25) and a one year high of GBX 676.73 ($8.84). The company’s fifty day moving average price is GBX 551.99 and its two-hundred day moving average price is GBX 579.70.

Redrow Company Profile

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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Analyst Recommendations for Redrow (LON:RDW)

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