Shore Capital Group Limited Reiterates “Hold” Rating for Redrow plc (RDW)

Shore Capital Group Limited restated their hold rating on shares of Redrow plc (LON:RDW) in a report issued on Tuesday morning. The firm currently has a GBX 607 ($7.98) target price on the stock.

Several other analysts also recently commented on RDW. J P Morgan Chase & Co restated an overweight rating on shares of Redrow plc in a report on Friday, November 10th. Liberum Capital restated a buy rating and set a GBX 734 ($9.65) target price on shares of Redrow plc in a report on Thursday, November 9th. Shore Capital restated a hold rating on shares of Redrow plc in a report on Wednesday, November 8th. Bank of America Corporation raised their target price on shares of Redrow plc from GBX 455 ($5.98) to GBX 530 ($6.97) and gave the stock an underperform rating in a report on Tuesday, September 12th. Finally, Peel Hunt reiterated a buy rating and issued a GBX 740 ($9.73) price objective on shares of Redrow plc in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of GBX 663.14 ($8.72).

Shares of Redrow plc (LON:RDW) opened at GBX 595 ($7.83) on Tuesday. Redrow plc has a fifty-two week low of GBX 403.55 ($5.31) and a fifty-two week high of GBX 673.50 ($8.86).

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

In other news, insider John F. Tutte sold 89,447 shares of the company’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 value of £560,832.69 ($737,646.57). Also, insider Vanda Murray acquired 3,500 shares of the stock in a transaction dated Monday, September 25th. The stock was purchased at an average cost of GBX 562 ($7.39) per share, with a total value of £19,670 ($25,871.37). In the last ninety days, insiders sold 13,053,353 shares of company stock valued at $7,704,486,599.

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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