Redde PLC (REDD) Price Target Raised to GBX 197
Redde PLC (LON:REDD) had its target price increased by stock analysts at J P Morgan Chase & Co from GBX 193 ($2.49) to GBX 197 ($2.54) in a research note issued on Friday. The brokerage presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 13.22% from the stock’s previous close.
Redde PLC (REDD) traded up 1.90% on Friday, hitting GBX 174.00. The stock had a trading volume of 197,745 shares. Redde PLC has a 52-week low of GBX 115.00 and a 52-week high of GBX 209.75. The company’s market cap is GBX 528.89 million. The company has a 50 day moving average price of GBX 156.01 and a 200-day moving average price of GBX 160.34.
Redde PLC (LON:REDD) last announced its earnings results on Thursday, September 7th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. Redde PLC had a net margin of 5.99% and a return on equity of 16.94%. On average, equities research analysts predict that Redde PLC will post $9.90 earnings per share for the current year.
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Redde PLC Company Profile
Redde plc is a holding company. The Company is engaged in providing non-fault accident management assistance and related services, fleet management and legal services. The Company offers a range of motor claims accident management services, including vehicle replacement and repair management together with full claims-handling assistance, as well as legal and other personalized services.
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