Redde Northgate (LON:REDD) Receives Hold Rating from Berenberg Bank

Redde Northgate (LON:REDDGet Rating)‘s stock had its “hold” rating reiterated by stock analysts at Berenberg Bank in a research report issued on Friday, Marketbeat reports. They currently have a GBX 335 ($4.05) target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 6.86% from the company’s previous close.

Separately, Barclays restated an “overweight” rating and set a GBX 556 ($6.72) price objective on shares of Redde Northgate in a report on Thursday, July 7th.

Redde Northgate Price Performance

Shares of LON REDD opened at GBX 313.50 ($3.79) on Friday. Redde Northgate has a twelve month low of GBX 307 ($3.71) and a twelve month high of GBX 447.50 ($5.41). The company has a current ratio of 1.27, a quick ratio of 1.21 and a debt-to-equity ratio of 64.13. The company has a market capitalization of £742.65 million and a price-to-earnings ratio of 782.50. The firm has a 50-day moving average of GBX 352.60 and a two-hundred day moving average of GBX 371.71.

Redde Northgate Company Profile

(Get Rating)

Redde Northgate plc provides mobility solutions and automotive services in the United Kingdom, Spain, and Ireland. The company offers contact center support, sales, claim processing, customer service, and general insurance products; provides fleet management, rapid response, and recovery management services; and supplies and installs electric vehicle charging equipment.

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