Insider Selling: Redrow plc (RDW) Insider Sells 6,666 Shares of Stock
Redrow plc (LON:RDW) insider Graham Cope sold 6,666 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of GBX 585 ($7.56), for a total transaction of £38,996.10 ($50,363.04).
Shares of Redrow plc (LON:RDW) opened at 574.50 on Thursday. The company’s market capitalization is GBX 2.07 billion. Redrow plc has a one year low of GBX 366.50 and a one year high of GBX 666.00. The company’s 50-day moving average is GBX 599.28 and its 200-day moving average is GBX 558.25.
The business also recently announced a dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Thursday, September 21st will be paid a GBX 11 ($0.14) dividend. The ex-dividend date is Thursday, September 21st. This is an increase from Redrow plc’s previous dividend of $6.00. This represents a dividend yield of 1.74%.
WARNING: This news story was published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/14/insider-selling-redrow-plc-rdw-insider-sells-6666-shares-of-stock.html.
Several equities analysts have recently commented on RDW shares. Liberum Capital increased their price target on shares of Redrow plc from GBX 561 ($7.25) to GBX 601 ($7.76) and gave the stock a “buy” rating in a research report on Wednesday, July 19th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 600 ($7.75) price target on shares of Redrow plc in a research report on Wednesday, September 6th. Barclays PLC increased their price target on shares of Redrow plc from GBX 558 ($7.21) to GBX 630 ($8.14) and gave the stock an “overweight” rating in a research report on Thursday, July 13th. Jefferies Group LLC increased their price target on shares of Redrow plc from GBX 666 ($8.60) to GBX 682 ($8.81) and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 549 ($7.09) price target on shares of Redrow plc in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 637.17 ($8.23).
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.
Receive News & Ratings for Redrow plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redrow plc and related companies with MarketBeat.com's FREE daily email newsletter.