Redrow’s (RDW) “Hold” Rating Reiterated at Shore Capital

Shore Capital reiterated their hold rating on shares of Redrow (LON:RDW) in a report released on Wednesday.

A number of other equities research analysts also recently weighed in on the company. Liberum Capital reaffirmed a buy rating on shares of Redrow in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Redrow in a research report on Tuesday, September 25th. Barclays raised their price objective on Redrow from GBX 658 ($8.60) to GBX 693 ($9.06) and gave the company an equal weight rating in a research report on Wednesday, September 12th. Numis Securities reaffirmed a buy rating on shares of Redrow in a research report on Wednesday, September 5th. Finally, Citigroup reaffirmed a buy rating and set a GBX 670 ($8.75) price objective (up previously from GBX 390 ($5.10)) on shares of Redrow in a research report on Wednesday, September 5th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of GBX 690.75 ($9.03).

Shares of RDW stock opened at GBX 562 ($7.34) on Wednesday. Redrow has a 1-year low of GBX 488 ($6.38) and a 1-year high of GBX 673.50 ($8.80).

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

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

Redrow Company Profile

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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