Red24 plc Price Target Raised to GBX 23 at FinnCap (REDT)
Equities research analysts at FinnCap upped their price objective on shares of Red24 plc (LON:REDT) from GBX 20 ($0.34) to GBX 23 ($0.39) in a research note issued to investors on Tuesday. The firm currently has a “corporate” rating on the stock. FinnCap’s target price suggests a potential upside of 19.42% from the stock’s previous close.
Shares of Red24 plc (LON:REDT) traded down 14.65% on Tuesday, hitting GBX 16.75. 513,739 shares of the company’s stock traded hands. Red24 plc has a 52 week low of GBX 12.50 and a 52 week high of GBX 20.00. The stock has a 50-day moving average of GBX 18.69 and a 200-day moving average of GBX 18.79.
The company also recently announced a dividend, which is scheduled for Thursday, September 18th. Stockholders of record on Wednesday, August 27th will be paid a dividend of GBX 0.23 ($0.00) per share. This represents a dividend yield of 1.37%. The ex-dividend date is Wednesday, August 27th.
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