Peel Hunt reaffirmed their buy rating on shares of Redrow (LON:RDW) in a research report released on Tuesday.

Other equities research analysts have also recently issued reports about the stock. Liberum Capital restated a buy rating and set a GBX 700 ($9.03) price target on shares of Redrow in a report on Friday, May 25th. Shore Capital restated a hold rating on shares of Redrow in a report on Monday, September 3rd. Deutsche Bank decreased their price target on shares of Redrow from GBX 672 ($8.67) to GBX 622 ($8.02) and set a hold rating for the company in a report on Thursday, August 30th. Citigroup began coverage on shares of Redrow in a report on Wednesday, August 29th. They set a buy rating and a GBX 662 ($8.54) price target for the company. Finally, Berenberg Bank began coverage on shares of Redrow in a report on Wednesday, July 25th. They set a buy rating and a GBX 650 ($8.38) price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of GBX 679.29 ($8.76).

Shares of LON:RDW opened at GBX 592 ($7.64) on Tuesday. Redrow has a 1 year low of GBX 488 ($6.30) and a 1 year high of GBX 673.50 ($8.69).

The company also recently declared a dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Thursday, September 20th will be issued a dividend of GBX 19 ($0.25) per share. This represents a yield of 3.49%. This is a boost from Redrow’s previous dividend of $9.00. The ex-dividend date of this dividend is Thursday, September 20th.

Redrow Company Profile

Redrow plc focuses on housebuilding activities in the United Kingdom. The company acquires land; and develops residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.

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Analyst Recommendations for Redrow (LON:RDW)

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