Liberum Capital Reaffirms Hold Rating for Redrow plc (RDW)

Liberum Capital reiterated their hold rating on shares of Redrow plc (LON:RDW) in a research note issued to investors on Wednesday. The firm currently has a GBX 415 ($5.13) price objective on the stock.

Other research analysts also recently issued reports about the company. Numis Securities Ltd restated an add rating and issued a GBX 500 ($6.18) price target on shares of Redrow plc in a research note on Wednesday, February 8th. Shore Capital restated a buy rating on shares of Redrow plc in a research note on Wednesday, February 8th. Peel Hunt raised their price target on Redrow plc from GBX 605 ($7.47) to GBX 620 ($7.66) and gave the company a buy rating in a research note on Wednesday, February 8th. HSBC Holdings plc restated a buy rating and issued a GBX 493 ($6.09) price target on shares of Redrow plc in a research note on Wednesday, December 7th. Finally, Canaccord Genuity upgraded Redrow plc to a buy rating and raised their price target for the company from GBX 445 ($5.50) to GBX 480 ($5.93) in a research note on Tuesday, December 6th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Redrow plc has a consensus rating of Buy and an average price target of GBX 494.50 ($6.11).

Analyst Recommendations for Redrow plc (LON:RDW)

Redrow plc (LON:RDW) opened at 497.10 on Wednesday. Redrow plc has a 52 week low of GBX 100.00 and a 52 week high of GBX 505.50. The company has a 50 day moving average price of GBX 487.05 and a 200-day moving average price of GBX 432.54. The firm’s market capitalization is GBX 1.80 billion.

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The firm also recently announced a dividend, which will be paid on Friday, May 5th. Stockholders of record on Thursday, March 23rd will be paid a dividend of GBX 6 ($0.07) per share. The ex-dividend date is Thursday, March 23rd. This represents a dividend yield of 1.28%.

About Redrow plc

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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