Analysts Set Redrow plc (RDW) PT at $689.67

Shares of Redrow plc (LON:RDW) have been assigned a consensus recommendation of “Buy” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 681.86 ($8.91).

RDW has been the subject of several analyst reports. Numis Securities restated a “buy” rating on shares of Redrow in a report on Wednesday, September 5th. Citigroup restated a “buy” rating and set a GBX 670 ($8.75) price target (up previously from GBX 390 ($5.10)) on shares of Redrow in a report on Wednesday, September 5th. Canaccord Genuity restated a “buy” rating and set a GBX 750 ($9.80) price target on shares of Redrow in a report on Tuesday, September 4th. Liberum Capital initiated coverage on shares of Redrow in a report on Tuesday, September 4th. They set a “buy” rating and a GBX 700 ($9.15) price target for the company. Finally, Peel Hunt restated a “buy” rating on shares of Redrow in a report on Tuesday, September 4th.

Redrow stock opened at GBX 538 ($7.03) on Friday. Redrow has a 52-week low of GBX 488 ($6.38) and a 52-week high of GBX 673.50 ($8.80).

The business also recently disclosed a dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Thursday, September 20th will be paid a GBX 19 ($0.25) dividend. The ex-dividend date of this dividend is Thursday, September 20th. This represents a dividend yield of 3.49%. This is a positive change from Redrow’s previous dividend of $9.00.

In other news, insider Barbara Richmond sold 29,903 shares of Redrow stock in a transaction on Monday, September 17th. The shares were sold at an average price of GBX 591 ($7.72), for a total value of £176,726.73 ($230,924.77).

Redrow Company Profile

Redrow plc focuses on housebuilding activities in the United Kingdom. The company acquires land; and develops residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.

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Analyst Recommendations for Redrow (LON:RDW)

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