Brokerages Set Redrow plc (LON:RDW) PT at GBX 699.50

Redrow plc (LON:RDW) has been given an average recommendation of “Hold” by the six analysts that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 699.50 ($8.71).

A number of equities research analysts have issued reports on the company. Royal Bank of Canada lowered Redrow to a “sector perform” rating and set a GBX 750 ($9.34) price target for the company. in a research note on Thursday, March 21st. JPMorgan Chase & Co. upgraded Redrow to a “neutral” rating and increased their price target for the stock from GBX 410 ($5.10) to GBX 760 ($9.46) in a research note on Friday, April 12th. Citigroup reiterated a “neutral” rating and issued a GBX 756 ($9.41) price target on shares of Redrow in a research note on Friday, February 9th. Finally, Berenberg Bank lowered Redrow to a “hold” rating and increased their price target for the stock from GBX 643 ($8.00) to GBX 688 ($8.56) in a research note on Friday, March 22nd.

Insider Buying and Selling at Redrow

In related news, insider Matthew Pratt sold 27,430 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of GBX 653 ($8.13), for a total value of £179,117.90 ($222,977.59). Insiders own 25.12% of the company’s stock.

Redrow Trading Down 0.4 %

Shares of RDW stock opened at GBX 629.50 ($7.84) on Monday. Redrow has a 52-week low of GBX 423.63 ($5.27) and a 52-week high of GBX 700 ($8.71). The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 4.08. The firm has a market capitalization of £2.08 billion, a PE ratio of 983.59, a PEG ratio of -0.81 and a beta of 1.66. The stock has a fifty day simple moving average of GBX 659.09 and a two-hundred day simple moving average of GBX 587.88.

Redrow Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, April 8th. Shareholders of record on Thursday, February 22nd were issued a dividend of GBX 5 ($0.06) per share. This represents a dividend yield of 0.83%. The ex-dividend date was Thursday, February 22nd. Redrow’s dividend payout ratio (DPR) is presently 3,906.25%.

Redrow Company Profile

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.