N+1 Singer Reiterates “Buy” Rating for Northgate plc (NTG)
Northgate plc (LON:NTG)‘s stock had its “buy” rating reaffirmed by analysts at N+1 Singer in a research report issued to clients and investors on Wednesday. They currently have a GBX 605 ($10.38) price objective on the stock. N+1 Singer’s price target would indicate a potential upside of 16.12% from the stock’s previous close.
Shares of Northgate plc (LON:NTG) traded down 0.95% during mid-day trading on Wednesday, hitting GBX 521.00. The stock had a trading volume of 143,101 shares. Northgate plc has a 52 week low of GBX 333.00 and a 52 week high of GBX 618.50. The stock has a 50-day moving average of GBX 517.5 and a 200-day moving average of GBX 537.2. The company’s market cap is £694.1 million.
The company also recently announced a dividend, which is scheduled for Tuesday, September 23rd. Stockholders 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 Jefferies Group raised their price target on shares of Northgate plc from GBX 385 ($6.60) to GBX 575 ($9.86) in a research note on Tuesday, July 1st. They now have a “hold” rating on the stock. Separately, 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 ($11.15) price target on the stock. Finally, analysts at Numis Securities Ltd raised their price target on shares of Northgate plc from GBX 507 ($8.70) to GBX 612 ($10.50) 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 four have given a buy rating to the company. Northgate plc has a consensus rating of “Buy” and a consensus price target of GBX 577.43 ($9.90).
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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