Redrow plc’s (RDW) Hold Rating Reaffirmed at Deutsche Bank AG
A number of other brokerages have also recently issued reports on RDW. Barclays PLC increased their target price on shares of Redrow plc from GBX 364.20 ($4.75) to GBX 431.80 ($5.64) and gave the company an overweight rating in a report on Wednesday, September 7th. Canaccord Genuity raised their price objective on shares of Redrow plc from GBX 320 ($4.18) to GBX 440 ($5.74) and gave the stock a hold rating in a research note on Wednesday, September 7th. Jefferies Group raised their price objective on shares of Redrow plc from GBX 496 ($6.47) to GBX 515 ($6.72) and gave the stock a buy rating in a research note on Wednesday, September 7th. Beaufort Securities reissued a buy rating on shares of Redrow plc in a research note on Wednesday, September 7th. Finally, Liberum Capital reissued a hold rating and set a GBX 450 ($5.87) price objective on shares of Redrow plc in a research note on Monday. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 475.53 ($6.21).
Redrow plc (LON:RDW) traded up 2.4585% on Monday, reaching GBX 414.9571. The company’s stock had a trading volume of 550,323 shares. The firm has a 50 day moving average price of GBX 385.89 and a 200 day moving average price of GBX 374.57. The stock’s market capitalization is GBX 1.49 billion. Redrow plc has a 52 week low of GBX 100.00 and a 52 week high of GBX 477.90.
The business also recently announced a dividend, which will be paid on Friday, November 11th. Stockholders of record on Thursday, September 22nd will be given a GBX 6 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a dividend yield of 1.43%. 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 business’s stock in a transaction dated 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).
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.
Receive News & Stock Ratings for Redrow plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redrow plc and related stocks with our FREE daily email newsletter.