Redrow plc Price Target Cut to GBX 331 by Analysts at Deutsche Bank (RDW)
Equities researchers at Deutsche Bank dropped their price target on shares of Redrow plc (LON:RDW) from GBX 334 ($5.54) to GBX 331 ($5.49) in a research report issued on Thursday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would indicate a potential upside of 17.33% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 354 ($5.87).
Shares of Redrow plc (LON:RDW) traded down 0.42% on Thursday, hitting GBX 284.80. The stock had a trading volume of 354,742 shares. Redrow plc has a 52-week low of GBX 218.00 and a 52-week high of GBX 352.60. The stock has a 50-day moving average of GBX 256.1 and a 200-day moving average of GBX 282.3. The company’s market cap is £1.028 billion.
The company also recently announced a dividend, which is scheduled for Friday, November 14th. Investors 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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