Should I buy or sell Redde Northgate stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redde Northgate in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" REDD shares. View REDD analyst ratings or view top-rated stocks .

What is Redde Northgate's stock price target for 2024?

1 equities research analysts have issued twelve-month price targets for Redde Northgate's shares. Their REDD share price targets range from GBX 450 to GBX 450. On average, they anticipate the company's share price to reach GBX 450 in the next year. This suggests a possible upside of 20.5% from the stock's current price. View analysts price targets for REDD or view top-rated stocks among Wall Street analysts .

How have REDD shares performed in 2024?

Redde Northgate's stock was trading at GBX 363.50 at the beginning of 2024. Since then, REDD shares have increased by 2.8% and is now trading at GBX 373.50. View the best growth stocks for 2024 here .

How often does Redde Northgate pay dividends? What is the dividend yield for Redde Northgate?

Redde Northgate declared a dividend on Wednesday, December 6th. Shareholders of record on Thursday, December 14th will be paid a dividend of GBX 8.30 per share on Friday, January 12th. This represents a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, December 14th. The official announcement can be seen at this link . Read our dividend analysis for REDD .

Is Redde Northgate a good dividend stock?

Redde Northgate (LON:REDD) pays an annual dividend of GBX 25 per share and currently has a dividend yield of 6.56%. REDD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 4,385.96%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for REDD .

What other stocks do shareholders of Redde Northgate own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Redde Northgate investors own include Tungsten (TUNG) , Diageo (DGE) , Entergy (ETR) , GSK (GSK) , United Utilities Group (UU) , Avast (AVST) , Asiamet Resources (ARS) , ArcBest (ARCB) and American Renal Associates (ARA) .

How do I buy shares of Redde Northgate?

Shares of REDD stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock. Compare Top Brokerages Here .

LON:REDD

Redde Northgate (REDD) Share Price, News & Analysis

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GBX 373.50

+4.00 (+1.08%)

(As of 04/18/2024 ET)

Compare

Today's Range: 366.50
▼
376
50-Day Range: 336
▼
383
52-Week Range: 310
▼
395.74

Volume: 199,124 shs
Average Volume: 424,990 shs
Market Capitalization: £844.48 million

P/E Ratio: 655.26
Dividend Yield: 6.69%
Price Target: GBX 450

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Insider Trades

Get Redde Northgate alerts:

Redde Northgate MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 20.5% Upside
GBX 450 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
£993,645 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.77 out of 5 stars

2.5

Analyst's Opinion

Consensus Rating
Redde Northgate has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Redde Northgate has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for REDD.

1.7

Dividend Strength

Dividend Leadership
Redde Northgate is a leading dividend payer. It pays a dividend yield of 6.56%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Redde Northgate does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Redde Northgate is 4,385.96%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for REDD.

2.1

News and Social Media Coverage

News Sentiment
Redde Northgate has a news sentiment score of 0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.39 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Redde Northgate this week, compared to 1 article on an average week.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Redde Northgate insiders have bought more of their company's stock than they have sold. Specifically, they have bought £9,936.45 in company stock and sold GBX 0 in company stock.
Percentage Held by Insiders
Only 5.41% of the stock of Redde Northgate is held by insiders.
Percentage Held by Institutions
73.36% of the stock of Redde Northgate is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Redde Northgate is 655.26, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 144.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Redde Northgate is 655.26, which means that it is trading at a more expensive P/E ratio than the Industrials sector average P/E ratio of about 399.01.
Price to Earnings Growth Ratio
Redde Northgate has a PEG Ratio of 0.54. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Redde Northgate has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Redde Northgate Stock (LON:REDD)

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. In addition, it provides personal injury law and legal advice services; light commercial vehicle hire services; used vans and cars for business, and private individuals; and automotive crash repair and accident administration services. Further, the company operates a fleet of approximately 130,000 owned and leased vehicles, and approximately 700,000 managed vehicles. Redde Northgate plc was formerly known as Northgate plc and changed its name to Redde Northgate plc in February 2020. The company was incorporated in 1897 and is headquartered in Darlington, the United Kingdom.

REDD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

REDD Stock News Headlines

April 16, 2024 | americanbankingnews.com

Redde Northgate (LON:REDD) Share Price Passes Above 50 Day Moving Average of $362.11

April 8, 2024 | finance.yahoo.com

Positive Signs As Multiple Insiders Buy Redde Northgate Stock

April 18, 2024 | Gold Safe Exchange (Ad)

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Compare with Redde Northgate PLC (REDD)

March 20, 2024 | uk.finance.yahoo.com

Redde Northgate Plc - Holding(s) in Company

March 18, 2024 | finance.yahoo.com

Investing in Redde Northgate (LON:REDD) three years ago would have delivered you a 42% gain

March 16, 2024 | uk.finance.yahoo.com

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Redde Northgate plc (REDD.L)

February 13, 2024 | uk.investing.com

Redde Northgate PLC (REDD)

January 22, 2024 | lse.co.uk

Redde Northgate Share Chat

December 10, 2023 | finance.yahoo.com

Redde Northgate plc (LON:REDD) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

December 9, 2023 | finance.yahoo.com

Redde Northgate (LON:REDD) Has Announced A Dividend Of £0.083

December 7, 2023 | finance.yahoo.com

Redde Northgate plc's (LON:REDD) Stock Is Going Strong: Is the Market Following Fundamentals?

December 6, 2023 | thetimes.co.uk

Redde Northgate reports strong first half but no news of merger

December 6, 2023 | lse.co.uk

Redde Northgate shares up as predicts annual earnings beat

December 6, 2023 | marketwatch.com

Redde Northgate Pretax Profit Fell Despite Revenue Growth

December 6, 2023 | msn.com

County Durham's Redde Northgate hails strong momentum as half-year revenues top £911m

November 24, 2023 | msn.com

Halfords and Redde Northgate in talks over £1.3bn merger

November 21, 2023 | msn.com

Darlington's Redde Northgate in talks with Halfords over £1.3bn merger, reports claim

November 20, 2023 | lse.co.uk

PRESS: Redde Northgate makes merger approach for Halfords - Telegraph

November 20, 2023 | msn.com

Halfords snubs £1.4bn tie up with van hire firm which ‘undervalues’ it

November 20, 2023 | msn.com

Halfords talks over £1.3bn van firm tie-up

November 19, 2023 | thetimes.co.uk

Halfords sees red after car repairs rival bids £1.4bn

November 19, 2023 | msn.com

Halfords targeted for £1.4bn merger

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: LON
Sector: Industrials
Industry: Rental & Leasing Services
Sub-Industry: N/A
Current Symbol: LON:REDD
Previous Symbol: LON:HHR
CUSIP: N/A
CIK: N/A
Web: www.redde.com
Phone: +44-84-44721726
Fax: N/A
Employees: 7,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: GBX 450
High Stock Price Target: GBX 450
Low Stock Price Target: GBX 450
Potential Upside/Downside: +20.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): GBX 0.57
Trailing P/E Ratio: 655.26
Forward P/E Ratio: 7.08
P/E Growth: 0.54
Net Income: £131.81 million
Net Margins: 7.73%
Pretax Margin: N/A
Return on Equity: 13.29%
Return on Assets: 6.41%

Debt

Debt-to-Equity Ratio: 76.56
Current Ratio: 1.37
Quick Ratio: 1.21

Sales & Book Value

Annual Sales: £1.70 billion
Price / Sales: 0.50
Cash Flow: GBX 9.17 per share
Price / Cash Flow: 40.74
Book Value: GBX 452 per share
Price / Book: 0.83

Miscellaneous

Outstanding Shares: 226,100,000
Free Float: N/A
Market Cap: £844.48 million
Optionable: Not Optionable
Beta: 1.65

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Key Executives

Mr. Martin Ward (Age 57)
CEO & Director
Comp: $1.46M
Mr. Philip James Vincent (Age 55)
Group CFO & Executive Director
Comp: $857k
Ms. Diane Hames
Chief Information Officer
James Edward Spencer Kerton
General Counsel & Company Secretary
Mr. Mark Tredwell
Head of Development
Russell Smithers
Managing Director
Mr. Harvey Stead
Managing Director of Redde
Mr. Roberto Maestro
Chief Financial Officer of Spain
Jorge Alarcon Alejandre
Managing Director of Northgate Spain
Debbie MacMorran
Managing Director of Equine Rescue Service

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

REDD Stock Analysis - Frequently Asked Questions

Should I buy or sell Redde Northgate stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redde Northgate in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" REDD shares.
View REDD analyst ratings or view top-rated stocks.
What is Redde Northgate's stock price target for 2024?: 1 equities research analysts have issued twelve-month price targets for Redde Northgate's shares. Their REDD share price targets range from GBX 450 to GBX 450. On average, they anticipate the company's share price to reach GBX 450 in the next year. This suggests a possible upside of 20.5% from the stock's current price.
View analysts price targets for REDD or view top-rated stocks among Wall Street analysts.
How have REDD shares performed in 2024?: Redde Northgate's stock was trading at GBX 363.50 at the beginning of 2024. Since then, REDD shares have increased by 2.8% and is now trading at GBX 373.50.
View the best growth stocks for 2024 here.
How often does Redde Northgate pay dividends? What is the dividend yield for Redde Northgate?: Redde Northgate declared a dividend on Wednesday, December 6th. Shareholders of record on Thursday, December 14th will be paid a dividend of GBX 8.30 per share on Friday, January 12th. This represents a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, December 14th. The official announcement can be seen at this link.
Read our dividend analysis for REDD.

Is Redde Northgate a good dividend stock?: Redde Northgate (LON:REDD) pays an annual dividend of GBX 25 per share and currently has a dividend yield of 6.56%. REDD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 4,385.96%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for REDD.
What other stocks do shareholders of Redde Northgate own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Redde Northgate investors own include Tungsten (TUNG), Diageo (DGE), Entergy (ETR), GSK (GSK), United Utilities Group (UU), Avast (AVST), Asiamet Resources (ARS), ArcBest (ARCB) and American Renal Associates (ARA).
How do I buy shares of Redde Northgate?: Shares of REDD stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

This page (LON:REDD) was last updated on 4/18/2024 by MarketBeat.com Staff

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Redde Northgate (REDD) Share Price, News & Analysis

Redde Northgate MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Redde Northgate Stock (LON:REDD)

REDD Stock Price History

REDD Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

REDD Stock Analysis - Frequently Asked Questions

Overall MarketRank^™