Redrow (RDW) Earns Hold Rating from Shore Capital

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Shore Capital reaffirmed their hold rating on shares of Redrow (LON:RDW) in a research report sent to investors on Wednesday morning.

A number of other equities analysts have also recently issued reports on RDW. Liberum Capital restated a buy rating on shares of Redrow in a report on Wednesday. Numis Securities restated a buy rating on shares of Redrow in a report on Wednesday, September 5th. Deutsche Bank decreased their target price on Redrow from GBX 672 ($8.78) to GBX 622 ($8.13) and set a hold rating on the stock in a report on Thursday, August 30th. Citigroup reaffirmed a buy rating and issued a GBX 670 ($8.75) target price (up previously from GBX 390 ($5.10)) on shares of Redrow in a research report on Wednesday, September 5th. Finally, Berenberg Bank started coverage on Redrow in a research report on Wednesday, July 25th. They issued a buy rating and a GBX 650 ($8.49) target price for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Redrow has an average rating of Buy and a consensus target price of GBX 690.75 ($9.03).

Shares of LON RDW remained flat at $GBX 562 ($7.34) during mid-day trading on Wednesday. The company had a trading volume of 1,202,409 shares, compared to its average volume of 997,321. Redrow has a twelve month low of GBX 488 ($6.38) and a twelve month high of GBX 673.50 ($8.80).

The firm also recently announced a dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Thursday, September 20th will be given a GBX 19 ($0.25) dividend. This represents a dividend yield of 3.49%. The ex-dividend date is Thursday, September 20th. This is a boost 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 on Monday, September 17th. The stock was sold at an average price of GBX 591 ($7.72), for a total value of £176,726.73 ($230,924.77).

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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