Redrow plc (LON: RDW) recently received a number of ratings updates from brokerages and research firms:

  • 9/12/2017 – Redrow plc had its price target raised by analysts at Bank of America Corporation from GBX 455 ($6.13) to GBX 530 ($7.15). They now have an “underperform” rating on the stock.
  • 9/12/2017 – Redrow plc had its “hold” rating reaffirmed by analysts at Shore Capital.
  • 9/12/2017 – Redrow plc had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 740 ($9.98) price target on the stock.
  • 9/12/2017 – Redrow plc had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 601 ($8.10) price target on the stock.
  • 9/7/2017 – Redrow plc had its price target raised by analysts at Deutsche Bank AG from GBX 549 ($7.40) to GBX 668 ($9.01). They now have a “hold” rating on the stock.
  • 9/6/2017 – Redrow plc had its “buy” rating reaffirmed by analysts at Beaufort Securities. They now have a GBX 720 ($9.71) price target on the stock.
  • 9/6/2017 – Redrow plc had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a GBX 600 ($8.09) price target on the stock.
  • 9/6/2017 – Redrow plc had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a GBX 688 ($9.28) price target on the stock.
  • 9/5/2017 – Redrow plc had its price target raised by analysts at Peel Hunt from GBX 675 ($9.10) to GBX 740 ($9.98). They now have a “buy” rating on the stock.
  • 9/5/2017 – Redrow plc was downgraded by analysts at Numis Securities Ltd to an “add” rating. They now have a GBX 729 ($9.83) price target on the stock.
  • 9/5/2017 – Redrow plc had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 601 ($8.10) price target on the stock.
  • 9/1/2017 – Redrow plc had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 549 ($7.40) price target on the stock.

Shares of Redrow plc (LON:RDW) opened at 553.50 on Thursday. Redrow plc has a 12-month low of GBX 366.50 and a 12-month high of GBX 666.00. The firm’s market cap is GBX 2.00 billion. The firm has a 50-day moving average of GBX 594.95 and a 200-day moving average of GBX 559.92.

The firm also recently announced a dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Thursday, September 21st will be given a dividend of GBX 11 ($0.15) per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a yield of 1.74%. This is a boost from Redrow plc’s previous dividend of $6.00.

In other Redrow plc news, insider Graham Cope sold 6,666 shares of Redrow plc stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of GBX 585 ($7.89), for a total transaction of £38,996.10 ($52,576.65). Also, insider Barbara Richmond sold 7,240 shares of Redrow plc stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of GBX 553 ($7.46), for a total transaction of £40,037.20 ($53,980.32). In the last 90 days, insiders have sold 13,053,353 shares of company stock valued at $7,704,486,599.

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.

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