Shore Capital restated their hold rating on shares of Redrow plc (LON:RDW) in a research note released on Tuesday. They currently have a GBX 607 ($7.98) price target on the stock.

Several other equities research analysts have also recently commented on RDW. J P Morgan Chase & Co reiterated an overweight rating on shares of Redrow plc in a research report on Friday, November 10th. Liberum Capital restated a buy rating and set a GBX 734 ($9.65) price objective on shares of Redrow plc in a report on Thursday, November 9th. Bank of America Corporation boosted their price objective on shares of Redrow plc from GBX 455 ($5.98) to GBX 530 ($6.97) and gave the company an underperform rating in a report on Tuesday, September 12th. Peel Hunt restated a buy rating and set a GBX 740 ($9.73) price objective on shares of Redrow plc in a report on Wednesday, September 27th. Finally, Deutsche Bank AG boosted their price objective on shares of Redrow plc from GBX 549 ($7.22) to GBX 668 ($8.79) and gave the company a hold rating in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of GBX 663.14 ($8.72).

Shares of Redrow plc (LON:RDW) traded down GBX 1 ($0.01) during trading hours on Tuesday, hitting GBX 595 ($7.83). 457,879 shares of the stock traded hands, compared to its average volume of 927,961. Redrow plc has a 12 month low of GBX 403.55 ($5.31) and a 12 month high of GBX 673.50 ($8.86).

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The business also recently declared a dividend, which was paid on Tuesday, November 14th. Shareholders of record on Thursday, September 21st were paid a GBX 11 ($0.14) dividend. The ex-dividend date was Thursday, September 21st. This represents a yield of 1.74%. This is a positive change from Redrow plc’s previous dividend of $6.00.

In other news, insider Graham Cope sold 6,666 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of GBX 585 ($7.69), for a total value of £38,996.10 ($51,290.41). Also, insider John F. Tutte sold 89,447 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of GBX 627 ($8.25), for a total transaction of £560,832.69 ($737,646.57). In the last ninety days, insiders sold 13,053,353 shares of company stock worth $7,704,486,599.

Redrow plc Company Profile

Redrow PLC is engaged in residential housing development. The Company is engaged in constructing homes throughout England and Wales. The Company’s operations are focused on housebuilding. Its product range is focused on traditional family housing in its regional businesses and apartment schemes in Greater London.

Analyst Recommendations for Redrow plc (LON:RDW)

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