Redrow plc (RDW) Receives GBX 475.53 Consensus PT from Brokerages
Shares of Redrow plc (LON:RDW) have earned an average recommendation of “Hold” from the fourteen research firms that are covering the firm. Eight equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 475.53 ($5.80).
RDW has been the subject of several recent research reports. Canaccord Genuity raised their price objective on Redrow plc from GBX 320 ($3.90) to GBX 440 ($5.36) and gave the company a ” hold” rating in a research report on Wednesday, September 7th. Shore Capital reissued a “hold” rating on shares of Redrow plc in a research report on Tuesday, September 6th. Barclays PLC raised their price objective on Redrow plc from GBX 364.20 ($4.44) to GBX 431.80 ($5.26) and gave the company an “overweight” rating in a research report on Wednesday, September 7th. JPMorgan Chase & Co. lowered their price objective on Redrow plc from GBX 460 ($5.61) to GBX 360 ($4.39) and set a “neutral” rating for the company in a research report on Monday, August 15th. Finally, Deutsche Bank AG lowered their price objective on Redrow plc from GBX 497 ($6.06) to GBX 495 ($6.03) and set a “hold” rating for the company in a research report on Tuesday, July 26th.
In other Redrow plc news, insider Tutte,John F sold 205,268 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of GBX 399 ($4.86), for a total value of £819,019.32 ($998,195.39).
Redrow plc (LON:RDW) opened at 395.10 on Friday. Redrow plc has a 52-week low of GBX 100.00 and a 52-week high of GBX 477.90. The company’s 50-day moving average is GBX 395.71 and its 200 day moving average is GBX 373.49. The company’s market cap is GBX 1.42 billion.
The firm also recently announced a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, September 22nd will be given a GBX 6 ($0.07) dividend. This is a positive change from Redrow plc’s previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a yield of 1.43%.
Redrow plc Company Profile
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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