Redrow plc (LON:RDW) has been assigned an average rating of “Hold” from the fourteen analysts that are presently covering the stock. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 475.53 ($5.89).

A number of research firms have commented on RDW. Barclays PLC increased their price target on Redrow plc from GBX 364.20 ($4.51) to GBX 431.80 ($5.34) and gave the company an “overweight” rating in a research note on Wednesday, September 7th. Canaccord Genuity increased their price target on Redrow plc from GBX 320 ($3.96) to GBX 440 ($5.45) and gave the company a ” hold” rating in a research note on Wednesday, September 7th. Deutsche Bank AG increased their price target on Redrow plc from GBX 495 ($6.13) to GBX 497 ($6.15) and gave the company a “hold” rating in a research note on Wednesday, September 7th. Jefferies Group increased their price target on Redrow plc from GBX 496 ($6.14) to GBX 515 ($6.37) and gave the company a “buy” rating in a research note on Wednesday, September 7th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Redrow plc in a research note on Wednesday, September 7th.

In other Redrow plc news, insider Tutte,John F sold 205,268 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of GBX 399 ($4.94), for a total value of £819,019.32 ($1,013,637.77).

Redrow plc (LON:RDW) opened at 381.00 on Friday. The company has a 50-day moving average price of GBX 395.16 and a 200-day moving average price of GBX 374.23. The stock’s market capitalization is GBX 1.37 billion. Redrow plc has a 12-month low of GBX 100.00 and a 12-month high of GBX 477.90.

The firm also recently disclosed a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, September 22nd will be issued a GBX 6 ($0.07) dividend. This is a positive change from Redrow plc’s previous dividend of $4.00. This represents a yield of 1.43%. The ex-dividend date of this dividend is Thursday, September 22nd.

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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