Redrow plc (RDW) Receives Average Rating of “Hold” from Analysts
Shares of Redrow plc (LON:RDW) have received an average rating of “Hold” from the fourteen ratings firms that are covering the stock. Eight investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 482.91 ($6.03).
RDW has been the subject of a number of analyst reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 555 ($6.93) price objective on shares of Redrow plc in a research report on Tuesday, September 6th. Deutsche Bank AG cut their target price on Redrow plc from GBX 497 ($6.21) to GBX 495 ($6.18) and set a “hold” rating on the stock in a research note on Tuesday, July 26th. JPMorgan Chase & Co. cut their target price on Redrow plc from GBX 460 ($5.75) to GBX 360 ($4.50) and set a “neutral” rating on the stock in a research note on Monday, August 15th. Liberum Capital reiterated a “hold” rating and set a GBX 450 ($5.62) target price on shares of Redrow plc in a research note on Monday, October 3rd. Finally, Shore Capital reiterated a “hold” rating on shares of Redrow plc in a research note on Wednesday, November 9th.
Shares of Redrow plc (LON:RDW) opened at 426.80 on Friday. Redrow plc has a 1-year low of GBX 100.00 and a 1-year high of GBX 477.90. The company’s 50 day moving average price is GBX 397.45 and its 200-day moving average price is GBX 376.63. The company’s market capitalization is GBX 1.54 billion.
The firm also recently declared a dividend, which was paid on Friday, November 11th. Shareholders of record on Thursday, September 22nd were issued a dividend of GBX 6 ($0.07) per share. The ex-dividend date of this dividend was Thursday, September 22nd. This is a boost from Redrow plc’s previous dividend of $4.00. This represents a yield of 1.43%.
In other Redrow plc news, insider Tutte,John F sold 205,268 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was 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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