Northgate plc (NTG) Receives “Buy” Rating from Peel Hunt
Northgate plc (LON:NTG)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a report released on Wednesday. They currently have a GBX 450 ($5.87) price target on the stock. Peel Hunt’s target price points to a potential upside of 4.96% from the stock’s previous close.
Other analysts have also issued reports about the stock. Numis Securities Ltd reiterated a “buy” rating and set a GBX 500 ($6.53) target price on shares of Northgate plc in a research report on Tuesday, June 28th. Jefferies Group reiterated a “buy” rating and set a GBX 530 ($6.92) target price on shares of Northgate plc in a research report on Wednesday, June 22nd. N+1 Singer reiterated a “hold” rating on shares of Northgate plc in a research report on Wednesday. Finally, Barclays PLC decreased their target price on shares of Northgate plc from GBX 480 ($6.27) to GBX 373 ($4.87) and set an “overweight” rating on the stock in a research report on Wednesday, June 29th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 498.25 ($6.50).
Northgate plc (LON:NTG) traded down 0.58% on Wednesday, reaching GBX 426.25. 127,528 shares of the company’s stock traded hands. The firm’s 50 day moving average price is GBX 410.68 and its 200 day moving average price is GBX 391.39. Northgate plc has a 52-week low of GBX 305.00 and a 52-week high of GBX 482.70. The firm’s market capitalization is GBX 559.73 million.
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The business also recently announced a dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, August 18th will be given a dividend of GBX 10.90 ($0.14) per share. This represents a dividend yield of 3.44%. This is a positive change from Northgate plc’s previous dividend of $5.10. The ex-dividend date of this dividend is Thursday, August 18th.
In related news, insider Spencer ,Bill bought 8,000 shares of Northgate plc stock in a transaction dated Tuesday, June 28th. The shares were bought at an average cost of GBX 325 ($4.24) per share, for a total transaction of £26,000 ($33,938.13).
Northgate plc Company Profile
Northgate plc is a United Kingdom-based investment holding company. The Company is engaged in the light commercial vehicle hire business in the United Kingdom, Ireland and Spain. It operates through two divisions: the UK division, which includes operations in the Republic of Ireland, and Spain division.
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