Northgate plc Given New GBX 575 Price Target at Jefferies Group (NTG)
Jefferies Group boosted their target price on shares of Northgate plc (LON:NTG) from GBX 385 ($6.56) to GBX 575 ($9.79) in a research note issued on Tuesday. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price points to a potential upside of 9.52% from the company’s current price.
NTG has been the subject of a number of other recent research reports. Analysts at Berenberg Bank reiterated a “buy” rating on shares of Northgate plc in a research note on Thursday, June 26th. They now have a GBX 650 ($11.07) price target on the stock. Separately, analysts at N+1 Singer upgraded shares of Northgate plc to a “buy” rating in a research note on Wednesday, June 25th. They now have a GBX 605 ($10.30) price target on the stock. Finally, analysts at Numis Securities Ltd raised their price target on shares of Northgate plc from GBX 507 ($8.64) to GBX 612 ($10.42) in a research note on Tuesday, June 24th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Northgate plc has a consensus rating of “Buy” and a consensus target price of GBX 519 ($8.84).
Shares of Northgate plc (LON:NTG) traded up 1.05% on Tuesday, hitting GBX 530.00. The stock had a trading volume of 630,249 shares. Northgate plc has a one year low of GBX 327.00 and a one year high of GBX 618.50. The stock’s 50-day moving average is GBX 515.0 and its 200-day moving average is GBX 535.. The company’s market cap is £706.1 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.
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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