Redrow plc (RDW) Insider Tutte,John F Sells 205,268 Shares
Redrow plc (LON:RDW) insider Tutte,John F sold 205,268 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of GBX 399 ($5.31), for a total transaction of £819,019.32 ($1,090,862.17).
Redrow plc (LON:RDW) opened at 404.96591 on Monday. The firm’s market cap is GBX 1.46 billion. The company has a 50-day moving average of GBX 365.26 and a 200 day moving average of GBX 375.39. Redrow plc has a 52 week low of GBX 100.00 and a 52 week high of GBX 482.30.
The business also recently disclosed a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, September 22nd will be paid a dividend of GBX 6 ($0.08) per share. This is an increase from Redrow plc’s previous dividend of $4.00. This represents a yield of 1.43%. The ex-dividend date of this dividend is Thursday, September 22nd.
A number of brokerages have recently issued reports on RDW. Deutsche Bank AG restated a “hold” rating on shares of Redrow plc in a research report on Tuesday, May 31st. Barclays PLC lifted their price objective on shares of Redrow plc from GBX 364.20 ($4.85) to GBX 431.80 ($5.75) and gave the company an “overweight” rating in a research report on Wednesday, September 7th. Canaccord Genuity lifted their price objective on shares of Redrow plc from GBX 320 ($4.26) to GBX 440 ($5.86) and gave the company a ” hold” rating in a research report on Wednesday, September 7th. Jefferies Group lifted their price objective on shares of Redrow plc from GBX 496 ($6.61) to GBX 515 ($6.86) and gave the company a “buy” rating in a research report on Wednesday, September 7th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Redrow plc in a research report on Wednesday, September 7th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 466.07 ($6.21).
Redrow plc Company Profile
Redrow PLC is a United Kingdom-based company, which is engaged in residential development. The Company’s Harrow Estates, focuses on land and property solutions. Harrow Estates is engaged in site acquisition, problem solving, regeneration and commercial development. The Company also develops mixed use properties.
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