Deutsche Bank Increases Redrow (RDW) Price Target to GBX 638

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Redrow (LON:RDW) had its price target hoisted by Deutsche Bank from GBX 622 ($8.02) to GBX 638 ($8.23) in a research report released on Wednesday. Deutsche Bank currently has a hold rating on the stock.

A number of other research firms also recently commented on RDW. Liberum Capital reaffirmed a buy rating and set a GBX 700 ($9.03) price objective on shares of Redrow in a report on Friday, May 25th. Peel Hunt reiterated a buy rating on shares of Redrow in a research report on Tuesday. Shore Capital reiterated a hold rating on shares of Redrow in a research report on Monday, September 3rd. Canaccord Genuity reiterated a buy rating and set a GBX 750 ($9.67) target price on shares of Redrow in a research report on Tuesday. Finally, Citigroup started coverage on shares of Redrow in a research report on Wednesday, August 29th. They set a buy rating and a GBX 662 ($8.54) target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Redrow presently has an average rating of Buy and an average price target of GBX 679.29 ($8.76).

LON:RDW opened at GBX 592 ($7.64) on Wednesday. Redrow has a 52 week low of GBX 488 ($6.30) and a 52 week high of GBX 673.50 ($8.69).

The company also recently announced a dividend, which will be paid on Tuesday, November 13th. Investors of record on Thursday, September 20th will be given a dividend of GBX 19 ($0.25) per share. The ex-dividend date is Thursday, September 20th. This represents a dividend yield of 3.49%. This is a boost from Redrow’s previous dividend of $9.00.

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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