Today: Redrow plc (RDW) Receives GBX 475.53 Average Target Price from Brokerages

Today: Redrow plc (RDW) Receives GBX 475.53 Average Target Price from Brokerages

Shares of Redrow plc (LON:RDW) have received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the firm. Eight analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 475.53 ($5.89).

A number of research firms recently weighed in on RDW. Deutsche Bank AG upped their price target on Redrow plc from GBX 495 ($6.13) to GBX 497 ($6.15) and gave the stock a “hold” rating in a report on Wednesday, September 7th. Shore Capital restated a “not rated” rating on shares of Redrow plc in a report on Tuesday, June 28th. Barclays PLC lowered their price target on Redrow plc from GBX 569.70 ($7.05) to GBX 364.20 ($4.51) and set an “overweight” rating on the stock in a report on Thursday, July 7th. HSBC restated a “buy” rating and issued a GBX 630 ($7.80) price target on shares of Redrow plc in a report on Monday, June 27th. Finally, Canaccord Genuity restated a “hold” rating and issued a GBX 320 ($3.96) price target on shares of Redrow plc in a report on Tuesday, September 6th.

Shares of Redrow plc (LON:RDW) opened at 381.00 on Friday. The firm’s market capitalization is GBX 1.37 billion. The stock has a 50 day moving average price of GBX 395.16 and a 200-day moving average price of GBX 374.23. Redrow plc has a 52 week low of GBX 100.00 and a 52 week high of GBX 477.90.

The company also recently announced a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, September 22nd will be given a GBX 6 ($0.07) dividend. This is a positive change from Redrow plc’s previous dividend of $4.00. This represents a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, September 22nd.

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