Redrow plc’s (RDW) Overweight Rating Reiterated at J P Morgan Chase & Co

J P Morgan Chase & Co restated their overweight rating on shares of Redrow plc (LON:RDW) in a report published on Friday.

Several other analysts have also recently weighed in on RDW. Shore Capital reaffirmed a hold rating on shares of Redrow plc in a report on Wednesday, November 8th. Liberum Capital reaffirmed a buy rating and issued a GBX 734 ($9.65) price target on shares of Redrow plc in a report on Thursday. Bank of America Corporation raised their price target on Redrow plc from GBX 455 ($5.98) to GBX 530 ($6.97) and gave the company an underperform rating in a report on Tuesday, September 12th. Peel Hunt reaffirmed a buy rating and issued a GBX 740 ($9.73) price target on shares of Redrow plc in a report on Wednesday, September 27th. Finally, Deutsche Bank AG raised their price target on Redrow plc from GBX 549 ($7.22) to GBX 668 ($8.79) and gave the company a hold rating in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of GBX 672.50 ($8.85).

Redrow plc (LON:RDW) traded down GBX 7.28 ($0.10) during trading on Friday, reaching GBX 587.22 ($7.72). 826,541 shares of the company traded hands, compared to its average volume of 920,643. Redrow plc has a 12-month low of GBX 403.55 ($5.31) and a 12-month high of GBX 673.50 ($8.86).

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The business also recently declared a dividend, which will be paid on Tuesday, November 14th. Investors of record on Thursday, September 21st will be given a dividend of GBX 11 ($0.14) per share. This represents a yield of 1.74%. This is a positive change from Redrow plc’s previous dividend of $6.00. The ex-dividend date of this dividend is Thursday, September 21st.

In related news, insider John F. Tutte sold 89,447 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of GBX 627 ($8.25), for a total transaction of £560,832.69 ($737,646.57). Also, insider Vanda Murray purchased 3,500 shares of Redrow plc stock in a transaction that occurred on Monday, September 25th. The shares were bought at an average price of GBX 562 ($7.39) per share, for a total transaction of £19,670 ($25,871.37). Over the last 90 days, insiders have sold 13,053,353 shares of company stock worth $7,704,486,599.

Redrow plc Company Profile

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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