Redrow plc (LON:RDW) Given Average Rating of “Moderate Buy” by Analysts
Shares of Redrow plc (LON:RDW – Get Free Report) have earned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 613.25 ($7.75).
Separately, Berenberg Bank restated a “buy” rating and set a GBX 843 ($10.65) price objective on shares of Redrow in a research note on Monday, September 18th.
Read Our Latest Research Report on RDW
Insider Activity
In other news, insider Barbara Richmond sold 1,900 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of GBX 531 ($6.71), for a total transaction of £10,089 ($12,743.46). In other news, insider Barbara Richmond sold 1,900 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of GBX 531 ($6.71), for a total value of £10,089 ($12,743.46). Also, insider Richard Akers purchased 10,000 shares of the stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of GBX 500 ($6.32) per share, for a total transaction of £50,000 ($63,155.24). Insiders own 17.65% of the company’s stock.
Redrow Stock Performance
RDW stock opened at GBX 561 ($7.09) on Friday. The stock’s 50 day simple moving average is GBX 506.06 and its 200 day simple moving average is GBX 490.42. Redrow has a 12-month low of GBX 423.63 ($5.35) and a 12-month high of GBX 567.50 ($7.17). The firm has a market cap of £1.86 billion, a P/E ratio of 616.48, a P/E/G ratio of -0.81 and a beta of 1.66. The company has a current ratio of 3.52, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49.
Redrow Increases Dividend
The firm also recently announced a dividend, which was paid on Thursday, November 16th. Investors of record on Thursday, September 21st were issued a dividend of GBX 20 ($0.25) per share. This represents a yield of 4.23%. This is a boost from Redrow’s previous dividend of $10.00. The ex-dividend date was Thursday, September 21st. Redrow’s dividend payout ratio (DPR) is presently 3,296.70%.
Redrow Company Profile (Get Free Report
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.
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Original: MarketBeat News Feed: Redrow plc (LON:RDW) Given Average Rating of “Moderate Buy” by Analysts