J P Morgan Chase & Co Increases Redrow plc (RDW) Price Target to GBX 650

Redrow plc (LON:RDW) had its price objective boosted by J P Morgan Chase & Co from GBX 600 ($7.96) to GBX 650 ($8.62) in a research report sent to investors on Friday. They currently have an overweight rating on the stock.

Several other analysts also recently commented on RDW. Liberum Capital restated a buy rating and set a GBX 561 ($7.44) price objective on shares of Redrow plc in a research report on Friday, June 9th. Jefferies Group LLC upped their target price on shares of Redrow plc from GBX 666 ($8.83) to GBX 682 ($9.05) and gave the stock a buy rating in a report on Monday, June 26th. Barclays PLC upped their target price on shares of Redrow plc from GBX 558 ($7.40) to GBX 630 ($8.36) and gave the stock an overweight rating in a report on Thursday, July 13th. Deutsche Bank AG reiterated a hold rating and issued a GBX 549 ($7.28) price target on shares of Redrow plc in a research note on Friday, September 1st. Finally, Peel Hunt increased their price target on Redrow plc from GBX 675 ($8.95) to GBX 740 ($9.82) and gave the stock a buy rating in a research note on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of GBX 641.33 ($8.51).

Redrow plc (LON:RDW) opened at 612.50 on Friday. The company’s market capitalization is GBX 2.21 billion. The firm has a 50-day moving average price of GBX 591.88 and a 200-day moving average price of GBX 565.16. Redrow plc has a 52 week low of GBX 366.50 and a 52 week high of GBX 666.00.

COPYRIGHT VIOLATION WARNING: “J P Morgan Chase & Co Increases Redrow plc (RDW) Price Target to GBX 650” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another website, it was stolen and reposted in violation of U.S. and international copyright law. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/03/j-p-morgan-chase-co-increases-redrow-plc-rdw-price-target-to-gbx-650.html.

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

In other Redrow plc news, insider Vanda Murray bought 3,500 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were purchased at an average cost of GBX 562 ($7.45) per share, for a total transaction of £19,670 ($26,090.99). Also, insider John F. Tutte sold 89,447 shares

Several other analysts also recently commented on RDW. Liberum Capital restated a buy rating and set a GBX 561 ($7.44) price objective on shares of Redrow plc in a research report on Friday, June 9th. Jefferies Group LLC upped their target price on shares of Redrow plc from GBX 666 ($8.83) to GBX 682 ($9.05) and gave the stock a buy rating in a report on Monday, June 26th. Barclays PLC upped their target price on shares of Redrow plc from GBX 558 ($7.40) to GBX 630 ($8.36) and gave the stock an overweight rating in a report on Thursday, July 13th. Deutsche Bank AG reiterated a hold rating and issued a GBX 549 ($7.28) price target on shares of Redrow plc in a research note on Friday, September 1st. Finally, Peel Hunt increased their price target on Redrow plc from GBX 675 ($8.95) to GBX 740 ($9.82) and gave the stock a buy rating in a research note on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of GBX 641.33 ($8.51).

Redrow plc (LON:RDW) opened at 612.50 on Friday. The company’s market capitalization is GBX 2.21 billion. The firm has a 50-day moving average price of GBX 591.88 and a 200-day moving average price of GBX 565.16. Redrow plc has a 52 week low of GBX 366.50 and a 52 week high of GBX 666.00.

COPYRIGHT VIOLATION WARNING: “J P Morgan Chase & Co Increases Redrow plc (RDW) Price Target to GBX 650” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another website, it was stolen and reposted in violation of U.S. and international copyright law. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/03/j-p-morgan-chase-co-increases-redrow-plc-rdw-price-target-to-gbx-650.html.

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

In other Redrow plc news, insider Vanda Murray bought 3,500 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were purchased at an average cost of GBX 562 ($7.45) per share, for a total transaction of £19,670 ($26,090.99). Also, insider John F. Tutte sold 89,447 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of GBX 627 ($8.32), for a total transaction of £560,832.69 ($743,908.60). Insiders have sold a total of 13,053,353 shares of company stock valued at $7,704,486,599 over the last quarter.

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.

Analyst Recommendations for Redrow plc (LON:RDW)

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