Redrow plc (LON:RDW) Given Consensus Rating of “Hold” by Brokerages

Shares of Redrow plc (LON:RDW) have been assigned a consensus rating of “Hold” from the six analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 634.50 ($8.02).

A number of analysts have recently issued reports on the company. Royal Bank of Canada lowered Redrow to a “sector perform” rating and set a GBX 750 ($9.48) price target on the stock. in a research note on Thursday, March 21st. Citigroup reaffirmed a “neutral” rating and issued a GBX 756 ($9.55) price target on shares of Redrow in a research note on Friday, February 9th. Finally, Berenberg Bank lowered Redrow to a “hold” rating and lifted their price target for the stock from GBX 643 ($8.13) to GBX 688 ($8.69) in a research note on Friday, March 22nd.

Insider Buying and Selling at Redrow

In other Redrow news, insider Matthew Pratt sold 27,430 shares of Redrow stock in a transaction on Monday, February 26th. The stock was sold at an average price of GBX 653 ($8.25), for a total value of £179,117.90 ($226,359.03). Company insiders own 25.12% of the company’s stock.

Redrow Stock Performance

Shares of LON:RDW opened at GBX 668.50 ($8.45) on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.08 and a quick ratio of 0.36. The business’s 50 day moving average price is GBX 643.35 and its 200-day moving average price is GBX 571.49. The firm has a market capitalization of £2.21 billion, a PE ratio of 1,044.53, a P/E/G ratio of -0.81 and a beta of 1.66. Redrow has a 1 year low of GBX 423.63 ($5.35) and a 1 year high of GBX 700 ($8.85).

Redrow Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 8th. Investors of record on Thursday, February 22nd will be given a dividend of GBX 5 ($0.06) per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a yield of 0.83%. Redrow’s payout ratio is 3,906.25%.

About Redrow

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