Redrow plc (LON:RDW – Get Free Report)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 592.10 ($7.31) and traded as high as GBX 645.50 ($7.97). Redrow shares last traded at GBX 638.50 ($7.89), with a volume of 322,900 shares changing hands.
Analysts Set New Price Targets
RDW has been the topic of a number of analyst reports. Citigroup reiterated a “neutral” rating and issued a GBX 756 ($9.34) price target on shares of Redrow in a report on Friday, February 9th. Berenberg Bank downgraded Redrow to a “hold” rating and lifted their price target for the company from GBX 643 ($7.94) to GBX 688 ($8.50) in a report on Friday, March 22nd. JPMorgan Chase & Co. upgraded Redrow to a “neutral” rating and lifted their price target for the company from GBX 410 ($5.06) to GBX 760 ($9.39) in a report on Friday, April 12th. Finally, Royal Bank of Canada downgraded Redrow to a “sector perform” rating and set a GBX 750 ($9.26) price target on the stock. in a report on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 699.50 ($8.64).
Get Our Latest Report on Redrow
Redrow Trading Up 0.6 %
Redrow Cuts Dividend
The firm also recently announced a dividend, which was paid on Monday, April 8th. Investors of record on Thursday, February 22nd were paid a dividend of GBX 5 ($0.06) per share. The ex-dividend date was Thursday, February 22nd. This represents a yield of 0.83%. Redrow’s dividend payout ratio (DPR) is 3,906.25%.
Insider Buying and Selling
In related news, insider Matthew Pratt sold 27,430 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of GBX 653 ($8.07), for a total transaction of £179,117.90 ($221,242.47). 25.12% of the stock is owned by company insiders.
About Redrow
Redrow plc focuses on housebuilding activities in the United Kingdom. It is involved in acquires, develops, and resells land; develops and sells residential housing properties; and business park maintenance services. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.
Read More
- Five stocks we like better than Redrow
- The How and Why of Investing in Biotech Stocks
- It’s Time to Buy Into the Super Micro Computer Stock Implosion
- Overbought Stocks Explained: Should You Trade Them?
- Merger or Not, Albertson’s Companies is a Good Buy
- What is MarketRank™? How to Use it
- 3 Cheap Stocks That Shouldn’t Be So
Receive News & Ratings for Redrow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redrow and related companies with MarketBeat.com's FREE daily email newsletter.