Liberum Capital restated their hold rating on shares of Redrow plc (LON:RDW) in a research report sent to investors on Monday. Liberum Capital currently has a GBX 450 ($5.87) target price on the stock.
RDW has been the subject of a number of other reports. Deutsche Bank AG boosted their target price on shares of Redrow plc from GBX 495 ($6.46) to GBX 497 ($6.49) and gave the stock a hold rating in a research note on Wednesday, September 7th. Shore Capital reaffirmed a not rated rating on shares of Redrow plc in a research note on Tuesday, June 28th. Barclays PLC dropped their target price on shares of Redrow plc from GBX 569.70 ($7.44) to GBX 364.20 ($4.75) and set an overweight rating for the company in a research note on Thursday, July 7th. HSBC reaffirmed a buy rating and issued a GBX 630 ($8.22) target price on shares of Redrow plc in a research note on Monday, June 27th. Finally, Canaccord Genuity reaffirmed a hold rating and issued a GBX 320 ($4.18) target price on shares of Redrow plc in a research note on Tuesday, September 6th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Redrow plc currently has a consensus rating of Hold and a consensus target price of GBX 475.53 ($6.21).
Shares of Redrow plc (LON:RDW) opened at 408.90 on Monday. Redrow plc has a one year low of GBX 100.00 and a one year high of GBX 477.90. The company’s 50-day moving average is GBX 388.89 and its 200-day moving average is GBX 374.49. The company’s market capitalization is GBX 1.47 billion.
The company also recently disclosed a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, September 22nd will be issued a dividend of GBX 6 ($0.08) per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a yield of 1.43%. This is a boost from Redrow plc’s previous dividend of $4.00.
In related news, insider Tutte,John F sold 205,268 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of GBX 399 ($5.21), for a total transaction 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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