Other equities research analysts have also issued research reports about the company. Peel Hunt restated a buy rating and set a GBX 555 ($7.24) price objective on shares of Redrow plc in a research note on Tuesday, September 6th. Canaccord Genuity restated a hold rating and set a GBX 320 ($4.18) price objective on shares of Redrow plc in a research note on Tuesday, September 6th. Numis Securities Ltd restated a buy rating and set a GBX 460 ($6.00) price objective on shares of Redrow plc in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. restated a neutral rating and set a GBX 301 ($3.93) price objective on shares of Redrow plc in a research note on Tuesday, June 28th. Finally, Shore Capital restated a hold rating on shares of Redrow plc in a research note on Tuesday, September 6th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Redrow plc has an average rating of Hold and an average target price of GBX 475.53 ($6.21).
Shares of Redrow plc (LON:RDW) opened at 395.80 on Monday. The stock’s 50 day moving average price is GBX 390.79 and its 200 day moving average price is GBX 374.72. The stock’s market cap is GBX 1.42 billion. Redrow plc has a 1-year low of GBX 100.00 and a 1-year high of GBX 477.90.
The business also recently declared a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, September 22nd will be issued a GBX 6 ($0.08) dividend. This is an increase from Redrow plc’s previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a dividend yield of 1.43%.
In related news, insider Tutte,John F sold 205,268 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of GBX 399 ($5.21), for a total value of £819,019.32 ($1,069,076.26).
Redrow plc Company Profile
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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