Redrow (RDW)

Sector:

Household Goods

Index:

FTSE 250

529.00p
   
  • Change Today:
    -3.00p
  • 52 Week High: 718.80
  • 52 Week Low: 500.00
  • Currency: UK Pounds
  • Shares Issued: 352.19m
  • Volume: 857,201
  • Market Cap: £1,863.09m
  • RiskGrade: 176

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 529.00p
Change Today -3.00p
% Change -0.56 %
52 Week High 718.80
52 Week Low 500.00
Volume 857,201
Shares Issued 352.19m
Market Cap £1,863.09m
RiskGrade 176

Redrow Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.38% above the market average95.38% above the market average95.38% above the market average95.38% above the market average95.38% above the market average
84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average
Price Trend
29.26% below the market average29.26% below the market average29.26% below the market average29.26% below the market average29.26% below the market average
28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average
Income
90.91% above the market average90.91% above the market average90.91% above the market average90.91% above the market average90.91% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Growth
72.60% above the market average72.60% above the market average72.60% above the market average72.60% above the market average72.60% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

What The Brokers Say

Strong Buy 16
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 17
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
  Interim Final
Ex-Div 24-Feb-22 23-Sep-21
Paid 08-Apr-22 17-Nov-21
Amount 10.00p 18.50p

Trades for 27-May-2022

Time Volume / Share Price
16:45 79 @ 531.00p
16:45 79 @ 531.00p
16:35 92,551 @ 529.00p
16:29 78 @ 531.00p
16:29 14 @ 530.50p

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