Northgate plc’s “Buy” Rating Reaffirmed at Berenberg Bank (NTG)
Northgate plc (LON:NTG)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a report released on Thursday. They currently have a GBX 650 ($11.06) target price on the stock. Berenberg Bank’s target price suggests a potential upside of 23.81% from the company’s current price.
Shares of Northgate plc (LON:NTG) traded up 1.37% on Thursday, hitting GBX 517.00. 143,064 shares of the company’s stock traded hands. Northgate plc has a one year low of GBX 327.00 and a one year high of GBX 618.50. The stock has a 50-day moving average of GBX 515.1 and a 200-day moving average of GBX 533.7. The company’s market cap is £688.8 million.
The company also recently announced a dividend, which is scheduled for Tuesday, September 23rd. Investors of record on Wednesday, August 13th will be paid a dividend of GBX 6.80 ($0.12) per share. This represents a dividend yield of 1.33%. The ex-dividend date is Wednesday, August 13th.
Other equities research analysts have also recently issued reports about the stock. Analysts at N+1 Singer upgraded shares of Northgate plc to a “buy” rating in a research note on Wednesday. They now have a GBX 605 ($10.30) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of Northgate plc from GBX 507 ($8.63) to GBX 612 ($10.42) in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Northgate plc from GBX 565 ($9.62) to GBX 610 ($10.38) in a research note on Monday, April 14th. They now have a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 495.25 ($8.43).
Northgate plc is an investment holding company. The Company is engaged in light commercial vehicle hire business in United Kingdom and Spain.
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