JPMorgan Chase & Co. reiterated their overweight rating on shares of Redrow (LON:RDW) in a report released on Tuesday morning.

Other equities research analysts have also issued research reports about the stock. Numis Securities reiterated a buy rating on shares of Redrow in a research note on Wednesday, September 5th. Citigroup reiterated a buy rating and issued a GBX 670 ($8.73) price objective (up previously from GBX 390 ($5.08)) on shares of Redrow in a research note on Wednesday, September 5th. Canaccord Genuity reiterated a buy rating and issued a GBX 750 ($9.77) price objective on shares of Redrow in a research note on Tuesday, September 4th. Liberum Capital started coverage on shares of Redrow in a research note on Tuesday, September 4th. They issued a buy rating and a GBX 700 ($9.12) price objective for the company. Finally, Peel Hunt reiterated a buy rating on shares of Redrow in a research note on Tuesday, September 4th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Redrow has an average rating of Buy and an average price target of GBX 694.08 ($9.04).

LON:RDW opened at GBX 586 ($7.63) on Tuesday. Redrow has a 52 week low of GBX 488 ($6.36) and a 52 week high of GBX 673.50 ($8.77).

The business also recently declared a dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Thursday, September 20th will be paid a dividend of GBX 19 ($0.25) per share. The ex-dividend date 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 the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of GBX 591 ($7.70), for a total transaction of £176,726.73 ($230,202.85).

About Redrow

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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