Redrow plc (LON:RDW - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 650.85 ($8.26) and traded as high as GBX 671 ($8.51). Redrow shares last traded at GBX 664.50 ($8.43), with a volume of 518,547 shares.
Wall Street Analyst Weigh In
RDW has been the subject of several research analyst reports. Royal Bank of Canada lowered shares of Redrow to a "sector perform" rating and set a GBX 750 ($9.51) target price for the company. in a research report on Thursday, March 21st. JPMorgan Chase & Co. upgraded Redrow to a "neutral" rating and boosted their price target for the company from GBX 410 ($5.20) to GBX 760 ($9.64) in a report on Friday, April 12th. Finally, Berenberg Bank cut shares of Redrow to a "hold" rating and lifted their price target for the company from GBX 643 ($8.16) to GBX 688 ($8.73) in a report on Friday, March 22nd.
Read Our Latest Research Report on RDW
Redrow Stock Up 0.4 %
The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 4.08. The stock's 50-day moving average price is GBX 687.86 and its two-hundred day moving average price is GBX 650.85. The stock has a market capitalization of £2.21 billion, a PE ratio of 1,042.19, a P/E/G ratio of -0.81 and a beta of 1.67.
Redrow Company Profile
(
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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.
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