Redrow plc (RDW) Stock Rating Reaffirmed by Liberum Capital
Several other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 360 ($4.70) price target on shares of Redrow plc in a research report on Friday, September 16th. Canaccord Genuity boosted their price target on shares of 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. Beaufort Securities reiterated a buy rating on shares of Redrow plc in a research report on Wednesday, September 7th. Jefferies Group boosted their price target on shares of 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. Finally, Deutsche Bank AG boosted their price objective on shares of Redrow plc from GBX 495 ($6.46) to GBX 497 ($6.49) and gave the stock a hold rating in a research note on Wednesday, September 7th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 475.53 ($6.21).
Shares of Redrow plc (LON:RDW) opened at 407.30 on Monday. The stock’s 50 day moving average is GBX 390.79 and its 200 day moving average is GBX 374.72. The stock’s market cap is GBX 1.47 billion. Redrow plc has a 52 week low of GBX 100.00 and a 52 week high of GBX 477.90.
The company also recently announced 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. This represents a dividend yield of 1.43%. The ex-dividend date is Thursday, September 22nd. This is an increase from Redrow plc’s previous dividend of $4.00.
In other news, insider Tutte,John F sold 205,268 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The shares were 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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