Redrow (LON:RDW) Stock Passes Above Two Hundred Day Moving Average of $543.14

Redrow plc (LON:RDWGet Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 543.14 ($6.89) and traded as high as GBX 666 ($8.45). Redrow shares last traded at GBX 661 ($8.38), with a volume of 1,272,405 shares traded.

Analyst Upgrades and Downgrades

RDW has been the subject of a number of recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 643 ($8.16) price target on shares of Redrow in a research note on Wednesday, February 7th. Citigroup reaffirmed a “neutral” rating and set a GBX 756 ($9.59) price target on shares of Redrow in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 602.40 ($7.64).

View Our Latest Analysis on Redrow

Redrow Stock Performance

The company has a market capitalization of £2.09 billion, a PE ratio of 1,007.81, a PEG ratio of -0.81 and a beta of 1.66. The company has a current ratio of 4.08, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. The firm’s 50-day simple moving average is GBX 620.07 and its 200-day simple moving average is GBX 544.19.

Redrow Cuts Dividend

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

Insider Buying and Selling at Redrow

In other news, insider Matthew Pratt sold 27,430 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of GBX 653 ($8.28), for a total value of £179,117.90 ($227,191.65). 25.52% of the stock is owned by corporate insiders.

Redrow Company Profile

(Get Free Report)

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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