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Redde Northgate (REDD) Stock Forecast & Price Target

GBX 429.50
-1.50 (-0.35%)
(As of 05/22/2024)

Redde Northgate - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 1 Wall Street analysts who have issued ratings for Redde Northgate in the last 12 months, the stock has a consensus rating of "Buy." Out of the 1 analysts, 1 has given a buy rating for REDD.

Consensus Price Target

GBX 450
High ForecastGBX 450
Average ForecastGBX 450
Low ForecastGBX 450

According to the 1 analysts' twelve-month price targets for Redde Northgate, the average price target is GBX 450. The highest price target for REDD is GBX 450, while the lowest price target for REDD is GBX 450. The average price target represents a forecasted upside of 4.77% from the current price of GBX 429.50.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Buy
Buy
Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetGBX 450GBX 450GBX 450GBX 468
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REDD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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REDD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Redde Northgate Stock vs. The Competition

TypeRedde NorthgateIndustrials Companies
Consensus Rating Score
3.00
2.60
Consensus RatingBuyModerate Buy
News Sentiment RatingNeutral News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/26/2023Peel Hunt
3 of 5 stars
 Reiterated RatingBuyGBX 450+31.87%
12/8/2022Berenberg Bank
2 of 5 stars
 Boost TargetHoldGBX 335 ➝ GBX 380-8.32%
9/28/2022Barclays
2 of 5 stars
 Reiterated RatingOverweightGBX 556+93.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:00 AM ET.

REDD Forecast - Frequently Asked Questions

What is Redde Northgate's forecast for 2024?

According to the research reports of 1 Wall Street equities research analysts, the average twelve-month stock price forecast for Redde Northgate is GBX 450, with a high forecast of GBX 450 and a low forecast of GBX 450.

Should I buy or sell Redde Northgate stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Redde Northgate in the last year. There is currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" REDD shares.

Does Redde Northgate's stock price have much upside?

According to analysts, Redde Northgate's stock has a predicted upside of 31.87% based on their 12-month stock forecasts.

Do Wall Street analysts like Redde Northgate more than its competitors?

Analysts like Redde Northgate more than other "industrials" companies. The consensus rating for Redde Northgate is Buy while the average consensus rating for "industrials" companies is Moderate Buy. Learn more on how REDD compares to other companies.


This page (LON:REDD) was last updated on 7/24/2024 by MarketBeat.com Staff

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