Redrow plc’s (RDW) “Neutral” Rating Reiterated at Davy Research
A number of other equities analysts also recently weighed in on the company. Beaufort Securities reiterated a buy rating on shares of Redrow plc in a report on Wednesday, September 7th. Jefferies Group upped their target price on Redrow plc from GBX 496 ($6.14) to GBX 515 ($6.38) and gave the company a buy rating in a report on Wednesday, September 7th. Deutsche Bank AG upped their target price on Redrow plc from GBX 495 ($6.13) to GBX 497 ($6.16) and gave the company a hold rating in a report on Wednesday, September 7th. Canaccord Genuity upped their target price on Redrow plc from GBX 320 ($3.96) to GBX 440 ($5.45) and gave the company a hold rating in a report on Wednesday, September 7th. Finally, Barclays PLC upped their target price on Redrow plc from GBX 364.20 ($4.51) to GBX 431.80 ($5.35) and gave the company an overweight rating in a report on Wednesday, September 7th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 475.98 ($5.90).
Redrow plc (LON:RDW) opened at 416.00 on Wednesday. Redrow plc has a 52-week low of GBX 100.00 and a 52-week high of GBX 477.90. The firm’s market capitalization is GBX 1.50 billion. The stock’s 50 day moving average is GBX 393.04 and its 200-day moving average is GBX 374.84.
The firm also recently disclosed a dividend, which was paid on Friday, November 11th. Stockholders of record on Thursday, September 22nd were given a GBX 6 ($0.07) dividend. This represents a dividend yield of 1.43%. This is a boost from Redrow plc’s previous dividend of $4.00. The ex-dividend date was Thursday, September 22nd.
In other news, insider Tutte,John F sold 205,268 shares of the 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 ($1,014,516.69).
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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