Redde Northgate (LON:REDD) Stock Price Crosses Above 50-Day Moving Average of $357.60

Redde Northgate plc (LON:REDDGet Rating)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 357.60 ($4.38) and traded as high as GBX 371 ($4.55). Redde Northgate shares last traded at GBX 365.50 ($4.48), with a volume of 441,753 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Barclays reaffirmed an “overweight” rating and issued a GBX 556 ($6.81) price target on shares of Redde Northgate in a report on Thursday, July 7th.

Redde Northgate Stock Performance

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 stock has a fifty day moving average price of GBX 357.60 and a 200-day moving average price of GBX 382.23. The firm has a market capitalization of £879.64 million and a price-to-earnings ratio of 913.75.

Redde Northgate Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 1st will be issued a GBX 15 ($0.18) dividend. The ex-dividend date of this dividend is Thursday, September 1st. This is a boost from Redde Northgate’s previous dividend of $6.00. This represents a dividend yield of 4.47%. Redde Northgate’s dividend payout ratio is presently 38.50%.

Redde Northgate Company Profile

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Redde Northgate plc provides light commercial vehicle rental services in the United Kingdom, Spain, and Ireland. It also sells used vehicles. In addition, the company provides vehicle repair and maintenance; accident and incident management; vehicle disposal and other ancillary; fleet management and telematics; and legal and other mobility services, as well as offers insurance products.

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