Redde Northgate PLC 33.6% potential upside indicated by Barclays

Broker Ratings

Redde Northgate PLC with ticker (LON:REDD) now has a potential upside of 33.6% according to Barclays.

Barclays set a target price of 556 GBX for the company, which when compared to the Redde Northgate PLC share price of 369 GBX at opening today (20/05/2022) indicates a potential upside of 33.6%. Trading has ranged between 327 (52 week low) and 458 (52 week high) with an average of 588,934 shares exchanging hands daily. The market capitalisation at the time of writing is £902,425,594.

Redde Northgate plc is a United Kingdom-based integrated mobility solutions platform providing services across the vehicle lifecycle. The Company offers integrated mobility solutions to businesses, fleet operators, insurers, original equipment manufacturer (OEMs) and other customers across seven key areas: vehicle rental, vehicle data, accident management, vehicle repair, fleet management, service and maintenance, vehicle ancillary services and vehicle sales. The Company operates through three segments: Northgate UK&I, Northgate Spain and Redde. The Northgate UK&I operating segment represents the commercial vehicle hire part of the Company located in the United Kingdom and the Republic of Ireland. The Northgate Spain operating segment representing the commercial vehicle hire part of the Company located in Spain. The Redde operating segment representing the insurance claims and services part of the Company.

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