Redrow plc

Ambitious 2024 targets complement strong results

  • Sectors : Construction and Housebuilding
  • Companies : Redrow plc

Ratings and price correct at time of issue.

  • Redrow plc

    Closing Price: 700p

  • RATING 10/09/13

  • PREVIOUS RATING 21/05/13



Redrow’s full year results are well ahead of already-raised estimates, while the balance sheet is in excellent shape despite significant land purchases. Sales rates continue to moderate, albeit lapping a period of strong demand last year. The group has revealed ambitious medium-term targets which could drive margins back close to 20% in time.

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Sep 15 2021, 07:50 IST/BST