Redde PLC (LON:REDD) insider Martin Ward purchased 23,854 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of GBX 105 ($1.37) per share, for a total transaction of £25,046.70 ($32,727.95).

Shares of Redde stock opened at GBX 113.60 ($1.48) on Friday. The company has a debt-to-equity ratio of 32.91, a quick ratio of 1.00 and a current ratio of 1.09. The company has a market cap of $348.37 million and a PE ratio of 9.96. Redde PLC has a twelve month low of GBX 82.30 ($1.08) and a twelve month high of GBX 199.60 ($2.61).

The business also recently declared a dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th will be given a dividend of GBX 5.50 ($0.07) per share. This represents a dividend yield of 3.46%. The ex-dividend date of this dividend is Thursday, March 7th. Redde’s payout ratio is 1.05%.

Separately, JPMorgan Chase & Co. cut Redde to a “neutral” rating and dropped their price target for the stock from GBX 189 ($2.47) to GBX 111 ($1.45) in a research report on Monday, March 11th.

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Redde Company Profile

Redde plc provides a package of motor claims accident management, incident management, fleet management, and legal services in the United Kingdom. The company offers vehicle replacement, repair management, claims-handling assistance, and legal and other bespoke services. It also provides personal injury services, including motor accident, criminal injury, and medical negligence, as well as specialist serious injury services.

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