Redde Northgate (LON:REDD) Stock Passes Above 50 Day Moving Average of $395.75

Redde Northgate plc (LON:REDD – Get Rating) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 395.75 ($4.83) and traded as high as GBX 425 ($5.19). Redde Northgate shares last traded at GBX 416 ($5.08), with a volume of 244,913 shares.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Berenberg Bank upped their price target on Redde Northgate from GBX 335 ($4.09) to GBX 380 ($4.64) and gave the stock a “hold” rating in a report on Thursday, December 8th. Barclays restated an “overweight” rating and set a GBX 556 ($6.78) price target on shares of Redde Northgate in a report on Wednesday, September 28th.

Redde Northgate Trading Down 1.9 %

The company has a fifty day simple moving average of GBX 395.75 and a two-hundred day simple moving average of GBX 358.38. 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 cap of £953.53 million and a PE ratio of 1,040.00.

Redde Northgate Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 13th. Stockholders of record on Thursday, December 15th were issued a GBX 7.50 ($0.09) dividend. The ex-dividend date of this dividend was Thursday, December 15th. This represents a dividend yield of 2.01%. Redde Northgate’s payout ratio is currently 52.50%.

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.