Redrow plc : There is still some upside potential
Entry price | Target | Stop-loss | Potential |
---|
GBX 0 |
GBX 649 |
GBX 560 |
+∞% |
---|
The timing appears opportune to go long in shares of Redrow plc as we anticipate another pick-up in the underlying trend.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
Strengths● The company returns high margins, thereby supporting business profitability.
● The company is in a robust financial situation considering its net cash and margin position.
● Historically, the company has been releasing figures that are above expectations.
● As regards fundamentals, the enterprise value to sales ratio is at 0.91 for the current period. Therefore, the company is undervalued.
● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
● This company will be of major interest to investors in search of a high dividend stock.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 543 GBp
Weaknesses● According to forecast, a sluggish sales growth is expected for the next fiscal years.
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