Previous close | 8.55 |
Open | 8.55 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's range | 8.55 - 8.55 |
52-week range | 8.55 - 9.50 |
Volume | |
Avg. volume | 0 |
Market cap | 3.011B |
Beta (5Y monthly) | 1.68 |
PE ratio (TTM) | 8.50 |
EPS (TTM) | 1.01 |
Earnings date | N/A |
Forward dividend & yield | 0.38 (4.49%) |
Ex-dividend date | 24 Feb 2022 |
1y target est | N/A |
Redrow plc ( LON:RDW ), is not the largest company out there, but it received a lot of attention from a substantial...
An inflation rate that stands at its highest level since 1992 does not bode well for the housing market. Rises in the cost of living have already prompted the Bank of England to raise interest rates at each of the past three meetings of its Monetary Policy Committee. Higher interest rates make houses less affordable and this can lead to harder times for housebuilders such as our previous recommendation Redrow.
Over 35 homebuilders have agreed to put £2bn towards fixing unsafe cladding and the industry will also pay an estimated £3bn over the next 10 years to fix safety issues.