Redrow plc’s “Buy” Rating Reiterated at Liberum Capital (RDW)
Redrow plc (LON:RDW)‘s stock had its “buy” rating reissued by analysts at Liberum Capital in a research report issued to clients and investors on Tuesday. They currently have a GBX 307 ($5.09) target price on the stock. Liberum Capital’s target price would suggest a potential upside of 9.35% from the stock’s previous close.
Redrow plc (LON:RDW) traded down 0.96% during mid-day trading on Tuesday, hitting GBX 278.30. The stock had a trading volume of 642,272 shares. Redrow plc has a one year low of GBX 218.00 and a one year high of GBX 352.60. The stock has a 50-day moving average of GBX 254.0 and a 200-day moving average of GBX 282.6. The company’s market cap is £1.012 billion.
The company also recently announced a dividend, which is scheduled for Friday, November 14th. Stockholders of record on Wednesday, September 24th will be paid a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 0.72%. The ex-dividend date is Wednesday, September 24th.
A number of other firms have also recently commented on RDW. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Redrow plc in a research note on Tuesday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Redrow plc in a research note on Friday, August 22nd. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Redrow plc in a research note on Friday, August 1st. They now have a GBX 334 ($5.54) price target on the stock. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 342.22 ($5.68).
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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