Northgate plc Rating Reiterated by Numis Securities Ltd (NTG)
Northgate plc (LON:NTG)‘s stock had its “buy” rating reiterated by Numis Securities Ltd in a research note issued on Friday. They currently have a GBX 612 ($10.39) price objective on the stock. Numis Securities Ltd’s price target suggests a potential upside of 23.27% from the company’s current price.
A number of other firms have also recently commented on NTG. Analysts at N+1 Singer reiterated a “buy” rating on shares of Northgate plc in a research note on Wednesday, July 9th. They now have a GBX 605 ($10.27) price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Northgate plc from GBX 385 ($6.54) to GBX 575 ($9.76) in a research note on Tuesday, July 1st. They now have a “hold” rating on the stock. Finally, 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 ($11.04) price target on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Northgate plc currently has an average rating of “Buy” and a consensus price target of GBX 577.43 ($9.81).
Northgate plc (LON:NTG) traded up 0.71% during mid-day trading on Friday, hitting GBX 496.48. 182,767 shares of the company’s stock traded hands. Northgate plc has a 52-week low of GBX 376.25 and a 52-week high of GBX 618.50. The stock has a 50-day moving average of GBX 512.0 and a 200-day moving average of GBX 536.2. The company’s market cap is £660.7 million.
The company also recently announced a dividend, which is scheduled for Tuesday, September 23rd. Shareholders 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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