Redrow plc (RDW) PT Raised to GBX 508
Redrow plc (LON:RDW) had its price objective lifted by analysts at Barclays PLC from GBX 489 ($6.11) to GBX 508 ($6.35) in a research note issued on Wednesday. The brokerage currently has an “overweight” rating on the stock. Barclays PLC’s target price suggests a potential upside of 19.87% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Deutsche Bank AG decreased their target price on shares of Redrow plc from GBX 497 ($6.21) to GBX 495 ($6.18) and set a “hold” rating on the stock in a research report on Tuesday, July 26th. Canaccord Genuity restated a “hold” rating and set a GBX 320 ($4.00) target price on shares of Redrow plc in a research report on Tuesday, September 6th. Shore Capital reiterated a “hold” rating on shares of Redrow plc in a research report on Tuesday, September 6th. Peel Hunt reiterated a “buy” rating and issued a GBX 555 ($6.93) price objective on shares of Redrow plc in a research report on Tuesday, September 6th. Finally, Jefferies Group boosted their price objective on shares of Redrow plc from GBX 496 ($6.20) to GBX 515 ($6.43) and gave the stock a “buy” rating in a research report on Wednesday, September 7th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 482.91 ($6.03).
Shares of Redrow plc (LON:RDW) opened at 426.20 on Wednesday. The firm’s 50 day moving average is GBX 395.25 and its 200-day moving average is GBX 375.74. The firm’s market capitalization is GBX 1.53 billion. 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 paid a dividend of GBX 6 ($0.07) per share. The ex-dividend date of this dividend was Thursday, September 22nd. This represents a dividend yield of 1.43%. This is an increase from Redrow plc’s previous dividend of $4.00.
In other news, insider Tutte,John F sold 205,268 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of GBX 399 ($4.99), for a total transaction of £819,019.32 ($1,023,262.52).
Redrow plc Company Profile
Redrow PLC is engaged in residential housing development. The Company is engaged in constructing homes throughout England and Wales. The Company’s operations are focused on housebuilding. Its product range is focused on traditional family housing in its regional businesses and apartment schemes in Greater London.
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