Liberum Capital reissued their buy rating on shares of Redrow (LON:RDW) in a report published on Wednesday morning, Digital Look reports. Liberum Capital currently has a GBX 600 ($7.84) price objective on the stock.
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A number of other brokerages have also recently weighed in on RDW. Canaccord Genuity restated a buy rating and issued a GBX 660 ($8.62) price target on shares of Redrow in a research report on Thursday, September 5th. Jefferies Financial Group restated a hold rating and issued a GBX 711 ($9.29) price target (up previously from GBX 673 ($8.79)) on shares of Redrow in a research report on Friday, September 27th. Peel Hunt restated a buy rating on shares of Redrow in a research report on Monday, October 28th. Shore Capital restated a hold rating on shares of Redrow in a research report on Monday, October 21st. Finally, UBS Group restated a buy rating and issued a GBX 815 ($10.65) price target (up previously from GBX 745 ($9.73)) on shares of Redrow in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 685.50 ($8.96).
Shares of RDW stock opened at GBX 604 ($7.89) on Wednesday. Redrow has a fifty-two week low of GBX 478.59 ($6.25) and a fifty-two week high of GBX 676.73 ($8.84). The stock has a market cap of $2.13 billion and a P/E ratio of 6.57. The business has a fifty day simple moving average of GBX 617.98 and a 200-day simple moving average of GBX 578.96. The company has a quick ratio of 0.33, a current ratio of 3.35 and a debt-to-equity ratio of 5.05.
The company also recently declared a dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Thursday, September 19th will be given a GBX 20.50 ($0.27) dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a dividend yield of 3.5%. This is a boost from Redrow’s previous dividend of $10.00. Redrow’s dividend payout ratio (DPR) is currently 0.34%.
In related news, insider John F. Tutte sold 23,961 shares of Redrow stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of GBX 591 ($7.72), for a total transaction of £141,609.51 ($185,037.91). Also, insider John F. Tutte sold 138,882 shares of Redrow stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of GBX 607 ($7.93), for a total value of £843,013.74 ($1,101,546.77).
Redrow Company Profile
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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