Deutsche Bank AG Reiterates Hold Rating for Redrow plc (RDW)
Redrow plc (LON:RDW)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank AG in a research note issued on Monday. They presently have a GBX 497 ($6.49) price objective on the stock. Deutsche Bank AG’s price target points to a potential upside of 20.81% from the company’s current price.
A number of other brokerages have also weighed in on RDW. Barclays PLC boosted their price objective on Redrow plc from GBX 364.20 ($4.75) to GBX 431.80 ($5.64) and gave the stock an “overweight” rating in a research report on Wednesday, September 7th. Canaccord Genuity upped their price target on Redrow plc from GBX 320 ($4.18) to GBX 440 ($5.74) and gave the company a ” hold” rating in a research report on Wednesday, September 7th. Jefferies Group upped their price target on Redrow plc from GBX 496 ($6.47) to GBX 515 ($6.72) and gave the company a “buy” rating in a research report on Wednesday, September 7th. Beaufort Securities reiterated a “buy” rating on shares of Redrow plc in a research report on Wednesday, September 7th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 450 ($5.87) price target on shares of Redrow plc in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 475.53 ($6.21).
Shares of Redrow plc (LON:RDW) opened at 411.40 on Monday. Redrow plc has a 52-week low of GBX 100.00 and a 52-week high of GBX 477.90. The firm’s market cap is GBX 1.48 billion. The stock’s 50 day moving average price is GBX 386.90 and its 200-day moving average price is GBX 374.55.
The business also recently disclosed a dividend, which will be paid on Friday, November 11th. Stockholders of record on Thursday, September 22nd will be paid a GBX 6 ($0.08) dividend. The ex-dividend date is Thursday, September 22nd. This is an increase from Redrow plc’s previous dividend of $4.00. This represents a dividend yield of 1.43%.
In other news, insider Tutte,John F sold 205,268 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of GBX 399 ($5.21), for a total value of £819,019.32 ($1,069,076.26).
About Redrow plc
Redrow PLC is a United Kingdom-based company, which is engaged in residential development. The Company’s Harrow Estates, focuses on land and property solutions. Harrow Estates is engaged in site acquisition, problem solving, regeneration and commercial development. The Company also develops mixed use properties.
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