Redrow plc Price Target Raised to GBX 410 (RDW)
Equities researchers at Jefferies Group upped their price objective on shares of Redrow plc (LON:RDW) from GBX 360 ($5.97) to GBX 410 ($6.80) in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 46.04% from the stock’s previous close.
Redrow plc (LON:RDW) traded up 2.77% on Wednesday, hitting GBX 286.00. 349,553 shares of the company’s stock traded hands. Redrow plc has a one year low of GBX 218.00 and a one year high of GBX 352.60. The stock’s 50-day moving average is GBX 254.0 and its 200-day moving average is GBX 282.6. The company’s market cap is £1.040 billion.
The company also recently declared a dividend, which is scheduled for Friday, November 14th. Shareholders of record on Wednesday, September 24th will be given a dividend of GBX 2 ($0.03) per share. This represents a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, September 24th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities initiated coverage on shares of Redrow plc in a research note on Wednesday. They set a “buy” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Redrow plc in a research note on Tuesday. They now have a GBX 418 ($6.94) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Redrow plc in a research note on Tuesday. They now have a GBX 306 ($5.08) price target on the stock. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 347.78 ($5.77).
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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