Redrow plc (RDW) PT Raised to GBX 445
Redrow plc (LON:RDW) had its price target hoisted by investment analysts at Canaccord Genuity from GBX 440 ($5.45) to GBX 445 ($5.51) in a research report issued to clients and investors on Thursday. The firm presently has a “hold” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 8.75% from the company’s current price.
Other analysts have also recently issued reports about the stock. Numis Securities Ltd cut shares of Redrow plc to an “add” rating and set a GBX 460 ($5.70) price target for the company. in a report on Tuesday, September 6th. Peel Hunt restated a “buy” rating and set a GBX 555 ($6.87) price target on shares of Redrow plc in a report on Tuesday, September 6th. Beaufort Securities restated a “buy” rating on shares of Redrow plc in a report on Wednesday, September 7th. Jefferies Group lifted their target price on shares of Redrow plc from GBX 496 ($6.14) to GBX 515 ($6.38) and gave the company a “buy” rating in a research note on Wednesday, September 7th. Finally, Deutsche Bank AG lifted their target price on shares of Redrow plc from GBX 495 ($6.13) to GBX 497 ($6.16) and gave the company a “hold” rating in a research note on Wednesday, September 7th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 475.98 ($5.90).
Shares of Redrow plc (LON:RDW) opened at 423.25 on Thursday. Redrow plc has a 12-month low of GBX 100.00 and a 12-month high of GBX 477.90. The company has a 50-day moving average of GBX 392.71 and a 200 day moving average of GBX 374.30. The firm’s market capitalization is GBX 1.52 billion.
The business also recently announced a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, September 22nd will be given a dividend of GBX 6 ($0.07) per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a yield of 1.43%. This is a positive change from Redrow plc’s previous dividend of $4.00.
In other Redrow plc news, insider Tutte,John F sold 205,268 shares of Redrow plc stock in a transaction on Friday, September 16th. The shares were sold at an average price of GBX 399 ($4.94), for a total transaction of £819,019.32 ($1,014,516.69).
About Redrow plc
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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