Redrow (RDW) Issues Earnings Results

Redrow (LON:RDW) issued its earnings results on Wednesday, February 6th. The company reported GBX 41.50 ($0.54) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Shares of LON:RDW traded up GBX 13.50 ($0.18) on Friday, hitting GBX 636 ($8.31). 1,198,332 shares of the company traded hands, compared to its average volume of 997,321. Redrow has a 52 week low of GBX 488 ($6.38) and a 52 week high of GBX 673.50 ($8.80).

The company also recently disclosed a dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Thursday, March 7th will be given a dividend of GBX 10 ($0.13) per share. This represents a yield of 1.69%. The ex-dividend date of this dividend is Thursday, March 7th.

A number of analysts recently commented on RDW shares. JPMorgan Chase & Co. raised their price target on Redrow from GBX 680 ($8.89) to GBX 720 ($9.41) and gave the stock an “overweight” rating in a research note on Monday, January 14th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 600 ($7.84) price target on shares of Redrow in a research note on Wednesday, February 6th. Peel Hunt dropped their price target on Redrow from GBX 800 ($10.45) to GBX 620 ($8.10) and set a “buy” rating for the company in a research note on Monday, December 10th. Berenberg Bank raised their price target on Redrow from GBX 650 ($8.49) to GBX 710 ($9.28) and gave the stock a “buy” rating in a research note on Monday, January 28th. Finally, Barclays reissued an “equal weight” rating on shares of Redrow in a research report on Thursday, February 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 657.10 ($8.59).

In other news, insider Barbara Richmond sold 15,028 shares of the firm’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of GBX 600 ($7.84), for a total transaction of £90,168 ($117,820.46).

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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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