JPMorgan Chase & Co. Lowers Redefine International PLC (RDI) Price Target to GBX 46
Redefine International PLC (LON:RDI) had its target price decreased by analysts at JPMorgan Chase & Co. from GBX 50 ($0.62) to GBX 46 ($0.57) in a research report issued to clients and investors on Friday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 18.80% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Peel Hunt reiterated an “add” rating and set a GBX 50 ($0.62) target price on shares of Redefine International PLC in a research note on Wednesday, July 20th. Northland Securities reiterated a “corporate” rating on shares of Redefine International PLC in a research note on Tuesday, September 13th. Finally, Deutsche Bank AG decreased their target price on shares of Redefine International PLC from GBX 58 ($0.72) to GBX 48 ($0.60) and set a “hold” rating for the company in a research note on Friday, October 28th.
Shares of Redefine International PLC (LON:RDI) opened at 39.09 on Friday. Redefine International PLC has a 1-year low of GBX 34.39 and a 1-year high of GBX 55.70. The firm’s 50-day moving average price is GBX 0.42 and its 200 day moving average price is GBX 0.43. The stock’s market capitalization is GBX 701.51 million.
The company also recently disclosed a dividend, which will be paid on Monday, December 12th. Investors of record on Thursday, November 17th will be given a GBX 1.58 ($0.02) dividend. The ex-dividend date is Thursday, November 17th. This represents a yield of 3.67%.
About Redefine International PLC
Redefine International P.L.C. is a United Kingdom-based real estate investment trust (REIT). The Company’s segments include UK Retail, UK Hotels, UK Commercial, Europe and Other. The UK Retail segment consists of approximately six shopping centers and over five retail parks. The UK Hotels segment consists of approximately eight hotels in Greater London and South East, England and over one hotel in Edinburgh, Scotland, and holds interests in Redefine BDL Hotel Group Limited, which leases and manages its hotel properties except for the Enfield Travelodge.
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