Redrow (RDW) Issues Earnings Results

Redrow (LON:RDW) posted its quarterly earnings data on Wednesday. The company reported GBX 39.50 ($0.55) earnings per share for the quarter, Bloomberg Earnings reports. Redrow had a net margin of 15.31% and a return on equity of 24.10%. The company had revenue of GBX 8,900 billion for the quarter.

Redrow (LON:RDW) traded up GBX 5.50 ($0.08) during midday trading on Friday, hitting GBX 594 ($8.33). 1,652,141 shares of the stock were exchanged, compared to its average volume of 695,362. Redrow has a 1 year low of GBX 461.15 ($6.47) and a 1 year high of GBX 673.50 ($9.44). The company has a market capitalization of $2,180.00 and a P/E ratio of 761.54.

A number of brokerages have recently commented on RDW. Shore Capital reaffirmed a “hold” rating on shares of Redrow in a research report on Wednesday. Barclays lowered shares of Redrow to an “equal weight” rating and set a GBX 688 ($9.65) target price on the stock. in a research report on Monday, October 30th. Peel Hunt reaffirmed a “buy” rating and set a GBX 740 ($10.38) target price on shares of Redrow in a research report on Thursday, November 9th. Deutsche Bank reaffirmed a “hold” rating on shares of Redrow in a research report on Monday, January 29th. Finally, Numis Securities raised shares of Redrow to a “buy” rating and set a GBX 729 ($10.22) target price on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Redrow presently has an average rating of “Buy” and an average price target of GBX 678 ($9.51).

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Redrow Company Profile

Redrow PLC is engaged in residential housing development. The Company is engaged in constructing homes throughout England and Wales. The Company’s operations are focused on housebuilding. Its product range is focused on traditional family housing in its regional businesses and apartment schemes in Greater London.

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