Redrow plc (RDW) Earns “Hold” Rating from Liberum Capital

Liberum Capital reiterated their hold rating on shares of Redrow plc (LON:RDW) in a report published on Wednesday. The brokerage currently has a GBX 415 ($5.17) price target on the stock.

RDW has been the subject of several other reports. Canaccord Genuity raised shares of Redrow plc to a buy rating and lifted their target price for the company from GBX 445 ($5.54) to GBX 480 ($5.98) in a report on Tuesday, December 6th. Peel Hunt lifted their price target on shares of Redrow plc from GBX 555 ($6.91) to GBX 605 ($7.54) and gave the company a buy rating in a research note on Monday, January 9th. HSBC Holdings plc reissued a buy rating and issued a GBX 493 ($6.14) price target on shares of Redrow plc in a research note on Wednesday, December 7th. Barclays PLC lifted their price target on shares of Redrow plc from GBX 489 ($6.09) to GBX 508 ($6.33) and gave the company an overweight rating in a research note on Wednesday, November 16th. Finally, Deutsche Bank AG reissued a hold rating and issued a GBX 519 ($6.46) price target (up previously from GBX 497 ($6.19)) on shares of Redrow plc in a research note on Wednesday, January 4th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of GBX 488 ($6.08).

Analyst Recommendations for Redrow plc (LON:RDW)

Shares of Redrow plc (LON:RDW) opened at 479.50 on Wednesday. The company’s 50-day moving average is GBX 443.39 and its 200-day moving average is GBX 402.70. Redrow plc has a 1-year low of GBX 100.00 and a 1-year high of GBX 484.50. The stock’s market cap is GBX 1.74 billion.

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The firm also recently announced a dividend, which will be paid on Friday, May 5th. Shareholders of record on Thursday, March 23rd will be paid a dividend of GBX 6 ($0.07) per share. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a yield of 1.28%.

In other Redrow plc news, insider Barbara Richmond sold 59,510 shares of Redrow plc stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of GBX 416 ($5.18), for a total transaction of £247,561.60 ($308,372.70).

Redrow plc Company Profile

Redrow PLC is engaged in residential housing development. The Company is engaged in constructing homes throughout England and Wales. The Company’s operations are focused on housebuilding. Its product range is focused on traditional family housing in its regional businesses and apartment schemes in Greater London.

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