Redrow plc (RDW) To Go Ex-Dividend on September 21st

Redrow plc (LON:RDW) declared a dividend on Wednesday, September 13th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 21st will be given a dividend of GBX 20 ($0.25) per share on Thursday, November 16th. This represents a dividend yield of 4.23%. The ex-dividend date of this dividend is Thursday, September 21st. This is a boost from Redrow’s previous dividend of $10.00. The official announcement can be seen at this link.

Redrow Trading Up 1.5 %

LON RDW opened at GBX 501 ($6.21) on Tuesday. The stock has a market capitalization of £1.66 billion, a price-to-earnings ratio of 884.97, a PEG ratio of -0.81 and a beta of 1.68. The stock’s 50 day moving average price is GBX 485.85 and its two-hundred day moving average price is GBX 483.87. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.36 and a current ratio of 3.07. Redrow has a 52 week low of GBX 367.40 ($4.55) and a 52 week high of GBX 558.50 ($6.92).

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. UBS Group restated a “buy” rating and issued a GBX 600 ($7.43) target price on shares of Redrow in a research note on Monday, June 12th. Jefferies Financial Group cut their target price on Redrow from GBX 650 ($8.05) to GBX 643 ($7.96) and set a “buy” rating on the stock in a research note on Thursday, June 22nd. Berenberg Bank restated a “buy” rating and issued a GBX 843 ($10.44) target price on shares of Redrow in a research note on Monday. Finally, JPMorgan Chase & Co. cut their target price on Redrow from GBX 440 ($5.45) to GBX 370 ($4.58) and set an “underweight” rating on the stock in a research note on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Redrow has a consensus rating of “Moderate Buy” and a consensus target price of GBX 588.20 ($7.29).

Redrow Company Profile

Redrow plc focuses on housebuilding activities in the United Kingdom. It is involved in acquiring land; and develops and sells residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.