Liberum Capital reaffirmed their buy rating on shares of Redrow plc (LON:RDW) in a research report report published on Thursday. Liberum Capital currently has a GBX 734 ($9.65) price target on the stock.
Other equities analysts have also issued research reports about the company. Numis Securities Ltd lowered Redrow plc to an add rating and set a GBX 729 ($9.59) target price for the company. in a research note on Tuesday, September 5th. Peel Hunt restated a buy rating and issued a GBX 740 ($9.73) target price on shares of Redrow plc in a research note on Wednesday, September 27th. Beaufort Securities restated a buy rating and issued a GBX 720 ($9.47) target price on shares of Redrow plc in a research note on Wednesday, September 6th. HSBC Holdings plc raised their target price on Redrow plc from GBX 582 ($7.65) to GBX 734 ($9.65) and gave the stock a buy rating in a research note on Monday, October 30th. Finally, Barclays PLC lowered Redrow plc to an equal weight rating and set a GBX 688 ($9.05) target price for the company. in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of GBX 672.50 ($8.85).
Shares of Redrow plc (RDW) traded down GBX 7.28 ($0.10) during mid-day trading on Thursday, reaching GBX 587.22 ($7.72). The company had a trading volume of 826,541 shares, compared to its average volume of 920,643. Redrow plc has a one year low of GBX 403.55 ($5.31) and a one year high of GBX 673.50 ($8.86).
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The firm also recently declared a dividend, which will be paid on Tuesday, November 14th. Investors of record on Thursday, September 21st will be paid a GBX 11 ($0.14) dividend. This represents a dividend yield of 1.74%. The ex-dividend date is Thursday, September 21st. This is a positive change from Redrow plc’s previous dividend of $6.00.
In related news, insider John F. Tutte sold 89,447 shares of Redrow plc stock in a transaction dated Friday, September 8th. The stock was sold at an average price of GBX 627 ($8.25), for a total value of £560,832.69 ($737,646.57). Also, insider Vanda Murray purchased 3,500 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was acquired at an average price of GBX 562 ($7.39) per share, with a total value of £19,670 ($25,871.37). In the last 90 days, insiders sold 13,053,353 shares of company stock valued at $7,704,486,599.
About Redrow plc
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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