Redrow plc

Guidance broadly in line with expectations

  • Sectors : Construction and Housebuilding
  • Companies : Redrow plc

Ratings and price correct at time of issue.

  • Redrow plc

    Closing Price: 472p

  • RATING 10/09/13

  • PREVIOUS RATING 21/05/13

    UNDER REVIEW

DAVY VIEW

The deterioration in sales rates, which Redrow has seen year-to-date, is not surprising relative to reports we have seen in the rest of the sector. Guidance for the current year is not materially different than consensus, so we don’t see much movement in short-term estimates on the back of this statement.

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Nov 11 2022, 07:50 GMT

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