Liberum Capital reaffirmed their hold rating on shares of Redrow plc (LON:RDW) in a research note released on Monday morning. The brokerage currently has a GBX 450 ($5.87) price objective on the stock.
RDW has been the topic of a number of other research reports. Deutsche Bank AG lifted their price objective on Redrow plc from GBX 495 ($6.46) to GBX 497 ($6.49) and gave the stock a hold rating in a research report on Wednesday, September 7th. Shore Capital reiterated a not rated rating on shares of Redrow plc in a research report on Tuesday, June 28th. Barclays PLC reduced their price objective on Redrow plc from GBX 569.70 ($7.44) to GBX 364.20 ($4.75) and set an overweight rating on the stock in a research report on Thursday, July 7th. HSBC reiterated a buy rating and set a GBX 630 ($8.22) price objective on shares of Redrow plc in a research report on Monday, June 27th. Finally, Canaccord Genuity reiterated a hold rating and set a GBX 320 ($4.18) price objective on shares of Redrow plc in a research report on Tuesday, September 6th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 475.53 ($6.21).
Redrow plc (LON:RDW) traded up 1.63% during trading on Monday, hitting GBX 411.60. The stock had a trading volume of 636,508 shares. The firm has a 50 day moving average of GBX 385.89 and a 200-day moving average of GBX 374.57. Redrow plc has a one year low of GBX 100.00 and a one year high of GBX 477.90. The company’s market cap is GBX 1.48 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, November 11th. Stockholders of record on Thursday, September 22nd will be given a dividend of GBX 6 ($0.08) per share. This is a boost from Redrow plc’s previous dividend of $4.00. This represents a dividend yield of 1.43%. The ex-dividend date is Thursday, September 22nd.
In other news, insider Tutte,John F sold 205,268 shares of the company’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of GBX 399 ($5.21), for a total transaction 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.
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