Redrow plc (RDW) Receives GBX 689.67 Consensus PT from Analysts

Shares of Redrow plc (LON:RDW) have earned a consensus recommendation of “Buy” from the twelve research firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 681.86 ($8.91).

RDW has been the subject of several recent analyst reports. Citigroup assumed coverage on shares of Redrow in a research note on Wednesday, August 29th. They set a “buy” rating and a GBX 662 ($8.65) price objective for the company. Liberum Capital assumed coverage on shares of Redrow in a research report on Tuesday, September 4th. They set a “buy” rating and a GBX 700 ($9.15) target price on the stock. Deutsche Bank dropped their target price on shares of Redrow from GBX 672 ($8.78) to GBX 622 ($8.13) and set a “hold” rating on the stock in a research report on Thursday, August 30th. Berenberg Bank assumed coverage on shares of Redrow in a research report on Wednesday, July 25th. They set a “buy” rating and a GBX 650 ($8.49) target price on the stock. Finally, Canaccord Genuity reissued a “buy” rating and set a GBX 750 ($9.80) target price on shares of Redrow in a research report on Tuesday, September 4th.

In other news, insider Barbara Richmond sold 29,903 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of GBX 591 ($7.72), for a total value of £176,726.73 ($230,924.77).

Shares of LON RDW traded up GBX 14 ($0.18) during trading hours on Friday, hitting GBX 566 ($7.40). 448,063 shares of the stock were exchanged, compared to its average volume of 997,321. Redrow has a 12 month low of GBX 488 ($6.38) and a 12 month high of GBX 673.50 ($8.80).

The firm also recently disclosed a dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Thursday, September 20th will be issued a GBX 19 ($0.25) dividend. This is an increase from Redrow’s previous dividend of $9.00. This represents a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, September 20th.

About Redrow

Redrow plc focuses on housebuilding activities in the United Kingdom. The company acquires land; and develops residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.

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Analyst Recommendations for Redrow (LON:RDW)

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