Redrow plc’s (RDW) Neutral Rating Reiterated at JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their neutral rating on shares of Redrow plc (LON:RDW) in a report released on Friday morning. JPMorgan Chase & Co. currently has a GBX 360 ($4.70) target price on the stock.
A number of other brokerages have also recently commented on RDW. Beaufort Securities reaffirmed a buy rating on shares of Redrow plc in a report on Wednesday, September 7th. Canaccord Genuity upped their target price on shares of Redrow plc from GBX 320 ($4.18) to GBX 440 ($5.74) and gave the company a hold rating in a report on Wednesday, September 7th. Barclays PLC upped their target price on shares of Redrow plc from GBX 364.20 ($4.75) to GBX 431.80 ($5.64) and gave the company an overweight rating in a report on Wednesday, September 7th. Jefferies Group upped their target price on shares of Redrow plc from GBX 496 ($6.47) to GBX 515 ($6.72) and gave the company a buy rating in a report on Wednesday, September 7th. Finally, Numis Securities Ltd reaffirmed a buy rating and set a GBX 460 ($6.00) target price on shares of Redrow plc in a report on Tuesday, June 28th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 466.07 ($6.08).
Shares of Redrow plc (LON:RDW) opened at 414.00 on Friday. Redrow plc has a 52-week low of GBX 100.00 and a 52-week high of GBX 479.00. The stock’s market cap is GBX 1.49 billion. The stock’s 50 day moving average is GBX 368.79 and its 200 day moving average is GBX 374.33.
The business also recently announced a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, September 22nd will be given a dividend of GBX 6 ($0.08) per share. This is a positive change from Redrow plc’s previous dividend of $4.00. The ex-dividend date is Thursday, September 22nd. This represents a dividend yield of 1.43%.
In related news, insider Tutte,John F sold 205,268 shares of the company’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of GBX 399 ($5.21), for a total transaction of £819,019.32 ($1,069,076.26).
About Redrow plc
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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