Redrow plc (LON:RDW)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank AG in a research note issued on Monday. They currently have a GBX 497 ($6.49) price target on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 22.26% from the stock’s previous close.
Several other research firms also recently commented on RDW. Barclays PLC raised their price objective on shares of Redrow plc from GBX 364.20 ($4.75) to GBX 431.80 ($5.64) and gave the stock an “overweight” rating in a report on Wednesday, September 7th. Canaccord Genuity raised their price objective on shares of Redrow plc from GBX 320 ($4.18) to GBX 440 ($5.74) and gave the stock a ” hold” rating in a report on Wednesday, September 7th. Jefferies Group raised their price objective on shares of Redrow plc from GBX 496 ($6.47) to GBX 515 ($6.72) and gave the stock a “buy” rating in a report on Wednesday, September 7th. Beaufort Securities reissued a “buy” rating on shares of Redrow plc in a report on Wednesday, September 7th. Finally, Liberum Capital reissued a “hold” rating and issued a GBX 450 ($5.87) price target on shares of Redrow plc in a report on Monday. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 475.53 ($6.21).
Shares of Redrow plc (LON:RDW) traded up 1.25% on Monday, hitting GBX 405.00. 813,759 shares of the stock traded hands. Redrow plc has a 52 week low of GBX 100.00 and a 52 week high of GBX 477.90. The firm’s market cap is GBX 1.46 billion. The stock has a 50-day moving average price of GBX 383.15 and a 200 day moving average price of GBX 374.92.
The company also recently disclosed a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, September 22nd will be given a GBX 6 ($0.08) dividend. This is a boost 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 other Redrow plc news, insider Tutte,John F sold 205,268 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of GBX 399 ($5.21), for a total value of £819,019.32 ($1,069,076.26).
About Redrow plc
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.
Receive News & Ratings for Redrow plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redrow plc and related companies with MarketBeat.com's FREE daily email newsletter.