Liberum Capital Reaffirms Hold Rating for Redrow plc (RDW)
Redrow plc (LON:RDW)‘s stock had its “hold” rating reaffirmed by equities research analysts at Liberum Capital in a research report issued to clients and investors on Monday. They presently have a GBX 450 ($5.87) target price on the stock. Liberum Capital’s target price would indicate a potential upside of 12.50% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Canaccord Genuity increased their price objective 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. Numis Securities Ltd downgraded shares of Redrow plc to an “add” rating and set a GBX 460 ($6.00) price target on the stock. in a report on Tuesday, September 6th. Beaufort Securities reiterated a “buy” rating on shares of Redrow plc in a report on Wednesday, June 29th. Jefferies Group reiterated a “buy” rating and issued a GBX 496 ($6.47) price target on shares of Redrow plc in a report on Monday, June 27th. Finally, HSBC reiterated a “buy” rating and issued a GBX 630 ($8.22) price target on shares of Redrow plc in a report on Monday, June 27th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Redrow plc currently has an average rating of “Hold” and a consensus price target of GBX 475.53 ($6.21).
Redrow plc (LON:RDW) opened at 404.888 on Monday. The stock’s market cap is GBX 1.46 billion. Redrow plc has a 12-month low of GBX 100.00 and a 12-month high of GBX 477.90. The stock has a 50 day moving average of GBX 383.15 and a 200 day moving average of GBX 374.92.
The business also recently declared a dividend, which will be paid on Friday, November 11th. Stockholders of record on Thursday, September 22nd will be issued a dividend of GBX 6 ($0.08) per share. This represents a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, September 22nd. This is a positive change from Redrow plc’s previous dividend of $4.00.
In other news, insider Tutte,John F sold 205,268 shares of Redrow plc stock in a transaction on Friday, September 16th. The stock was sold at an average price of GBX 399 ($5.21), for a total transaction of £819,019.32 ($1,069,076.26).
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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