Numis Securities Ltd Reiterates “Buy” Rating for Redrow plc (RDW)
Redrow plc (LON:RDW)‘s stock had its “buy” rating reissued by equities researchers at Numis Securities Ltd in a research report issued on Thursday. They currently have a GBX 339 ($5.63) price target on the stock. Numis Securities Ltd’s price objective points to a potential upside of 18.61% from the stock’s previous close.
A number of other analysts have also recently weighed in on RDW. Analysts at Deutsche Bank cut their price target on shares of Redrow plc from GBX 334 ($5.54) to GBX 331 ($5.49) in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Redrow plc from GBX 360 ($5.97) to GBX 410 ($6.80) in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, 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. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Redrow plc presently has a consensus rating of “Buy” and an average target price of GBX 354 ($5.87).
Shares of Redrow plc (LON:RDW) opened at 279.70 on Thursday. Redrow plc has a 52-week low of GBX 218.00 and a 52-week high of GBX 352.60. The stock’s 50-day moving average is GBX 255.0 and its 200-day moving average is GBX 282.3. The company’s market cap is £1.017 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.
Redrow PLC is a United Kingdom-based company engaged in residential development, which includes mixed use development.
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