J P Morgan Chase & Co restated their overweight rating on shares of Redrow plc (LON:RDW) in a report released on Friday.

RDW has been the subject of several other research reports. Barclays PLC reaffirmed an overweight rating and issued a GBX 688 ($9.05) target price on shares of Redrow plc in a report on Wednesday, September 6th. Deutsche Bank AG reissued a hold rating and set a GBX 549 ($7.22) price objective on shares of Redrow plc in a report on Friday, September 1st. Numis Securities Ltd downgraded shares of Redrow plc to an add rating and set a GBX 729 ($9.59) price objective for the company. in a report on Tuesday, September 5th. Liberum Capital increased their price objective on shares of Redrow plc from GBX 601 ($7.90) to GBX 734 ($9.65) and gave the company a buy rating in a report on Tuesday, October 24th. Finally, HSBC Holdings plc upped their target price on shares of Redrow plc from GBX 582 ($7.65) to GBX 734 ($9.65) and gave the company a buy rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 667.46 ($8.78).

Redrow plc (LON:RDW) opened at GBX 593 ($7.80) on Friday. Redrow plc has a 1-year low of GBX 403.55 ($5.31) and a 1-year high of GBX 673.50 ($8.86).

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The company also recently disclosed a dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Thursday, September 21st will be issued a GBX 11 ($0.14) dividend. This is a boost from Redrow plc’s previous dividend of $6.00. The ex-dividend date is Thursday, September 21st. This represents a yield of 1.74%.

In other Redrow plc news, insider John F. Tutte sold 89,447 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of GBX 627 ($8.25), for a total value of £560,832.69 ($737,646.57). Also, insider Barbara Richmond sold 7,240 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of GBX 553 ($7.27), for a total transaction of £40,037.20 ($52,659.74). In the last quarter, insiders sold 13,053,353 shares of company stock worth $7,704,486,599.

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.

Analyst Recommendations for Redrow plc (LON:RDW)

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