Peel Hunt Reaffirms Buy Rating for Redrow plc (RDW)
RDW has been the subject of several other research reports. Deutsche Bank AG lifted their price target 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. Canaccord Genuity reaffirmed a hold rating and set a GBX 320 ($3.96) price target on shares of Redrow plc in a research note on Tuesday, September 6th. Beaufort Securities reaffirmed a buy rating on shares of Redrow plc in a research note on Wednesday, September 7th. Numis Securities Ltd downgraded shares of Redrow plc to an add rating and set a GBX 460 ($5.70) price target for the company. in a research note on Tuesday, September 6th. Finally, Liberum Capital lifted their price target on shares of Redrow plc from GBX 346 ($4.29) to GBX 450 ($5.57) and gave the company a hold rating in a research note on Friday, September 23rd. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Redrow plc presently has an average rating of Hold and an average price target of GBX 475.98 ($5.90).
Redrow plc (LON:RDW) opened at 416.00 on Wednesday. The company’s market capitalization is GBX 1.50 billion. The stock’s 50 day moving average price is GBX 393.04 and its 200 day moving average price is GBX 374.84. Redrow plc has a 12-month low of GBX 100.00 and a 12-month high of GBX 477.90.
The business also recently disclosed a dividend, which was paid on Friday, November 11th. Stockholders of record on Thursday, September 22nd were issued a dividend of GBX 6 ($0.07) per share. The ex-dividend date was Thursday, September 22nd. This is a positive change from Redrow plc’s previous dividend of $4.00. This represents a dividend yield of 1.43%.
In other news, insider Tutte,John F sold 205,268 shares of the business’s 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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