Redrow plc (LON:RDW)‘s stock had its “hold” rating reiterated by analysts at Canaccord Genuity in a research note issued on Tuesday. They presently have a GBX 440 ($5.74) target price on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 8.64% from the company’s current price.
Several other equities analysts have also issued reports on the company. HSBC restated a “buy” rating and set a GBX 630 ($8.22) price target on shares of Redrow plc in a research note on Monday, June 27th. Jefferies Group restated a “buy” rating and set a GBX 496 ($6.47) price target on shares of Redrow plc in a research note on Monday, June 27th. Peel Hunt restated a “buy” rating and set a GBX 555 ($7.24) price target on shares of Redrow plc in a research note on Tuesday, September 6th. Beaufort Securities restated a “buy” rating on shares of Redrow plc in a research note on Wednesday, June 29th. Finally, JPMorgan Chase & Co. lowered their price target on Redrow plc from GBX 460 ($6.00) to GBX 360 ($4.70) and set a “neutral” rating on the stock in a research note on Monday, August 15th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 475.53 ($6.21).
Redrow plc (LON:RDW) opened at 413.20 on Tuesday. The firm’s 50-day moving average price is GBX 385.89 and its 200-day moving average price is GBX 374.57. The company’s market cap is GBX 1.49 billion. Redrow plc has a 12-month low of GBX 100.00 and a 12-month high of GBX 477.90.
The firm also recently disclosed a dividend, which will be paid on Friday, November 11th. Stockholders of record on Thursday, September 22nd will be paid a dividend of GBX 6 ($0.08) per share. This represents a dividend yield of 1.43%. This is an increase from Redrow plc’s previous dividend of $4.00. The ex-dividend date is Thursday, September 22nd.
In other news, insider Tutte,John F sold 205,268 shares of the stock in a transaction dated 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.
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.