Redrow (RDW)

Sector:

Household Goods

Index:

FTSE 250

642.00p
   
  • Change Today:
    -4.20p
  • 52 Week High: 718.80
  • 52 Week Low: 521.00
  • Currency: UK Pounds
  • Shares Issued: 352.19m
  • Volume: 111,921
  • Market Cap: £2,261.06m
  • RiskGrade: 176
  • Beta: 0.02

Selloff in housebuilding sector presents opportunities, says Citi

By Michele Maatouk

Date: Tuesday 26 Oct 2021

LONDON (ShareCast) - (Sharecast News) - The recent selloff in the housebuilding sector presents opportunities with significant growth and yield attractions, Citi said in a note on Tuesday.
The bank noted that inflationary pressures, supply chain challenges and the impact of potential rate hikes have dominated investor concerns recently.

"This despite the sector's resilient operating performance and robust demand trends, outweighing an ambitious medium term growth trajectory with average annualised net asset growth projected at circa +14% per annum for 2022- 23e," it said.

"The current valuation of a P/B of 1.4x for CY22e reflects a discount of over 25% to implied multiples on our estimates and offers investors significant value over the medium term."

Citi said housebuilders with strong medium-term growth targets, namely Barratt, Bellway and Taylor Wimpey remain its preferred picks. It also has buy ratings on Persimmon, Berkeley Group and Redrow.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Redrow Market Data

Currency UK Pounds
Share Price 642.00p
Change Today -4.20p
% Change -0.65 %
52 Week High 718.80
52 Week Low 521.00
Volume 111,921
Shares Issued 352.19m
Market Cap £2,261.06m
Beta 0.02
RiskGrade 176

Redrow Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.19% above the market average88.19% above the market average88.19% above the market average88.19% above the market average88.19% above the market average
92.00% above the sector average92.00% above the sector average92.00% above the sector average92.00% above the sector average92.00% above the sector average
Price Trend
17.67% above the market average17.67% above the market average17.67% above the market average17.67% above the market average17.67% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Income
90.35% above the market average90.35% above the market average90.35% above the market average90.35% above the market average90.35% above the market average
76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average
Growth
84.91% above the market average84.91% above the market average84.91% above the market average84.91% above the market average84.91% above the market average
92.00% above the sector average92.00% above the sector average92.00% above the sector average92.00% above the sector average92.00% above the sector average

What The Brokers Say

Strong Buy 13
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 15
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Redrow Dividends

  Latest Previous
  Final Interim
Ex-Div 23-Sep-21 25-Feb-21
Paid 17-Nov-21 09-Apr-21
Amount 18.50p 6.00p

Trades for 18-Jan-2022

Time Volume / Share Price
12:45 250 @ 642.00p
12:41 394 @ 641.77p
12:40 17 @ 641.60p
12:39 390 @ 642.20p
12:38 1 @ 642.06p

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