Northgate plc’s (NTG) Hold Rating Reiterated at N+1 Singer
Northgate plc (LON:NTG)‘s stock had its “hold” rating reissued by equities research analysts at N+1 Singer in a research report issued on Wednesday.
NTG has been the topic of a number of other research reports. Numis Securities Ltd reiterated a “buy” rating and set a GBX 500 ($6.53) target price on shares of Northgate plc in a research note 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 note on Wednesday, June 22nd. Barclays PLC lowered their target price on Northgate plc from GBX 480 ($6.27) to GBX 373 ($4.87) and set an “overweight” rating on the stock in a research note on Wednesday, June 29th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 500 ($6.53) price target on shares of Northgate plc in a research report on Tuesday, June 28th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 498.25 ($6.50).
Shares of Northgate plc (LON:NTG) traded down 0.29% during mid-day trading on Wednesday, reaching GBX 427.50. The company had a trading volume of 170,418 shares. The stock’s market capitalization is GBX 561.37 million. Northgate plc has a 12-month low of GBX 305.00 and a 12-month high of GBX 475.90. The firm’s 50 day moving average is GBX 412.12 and its 200-day moving average is GBX 391.36.
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The firm also recently announced a dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, August 18th will be issued a GBX 10.90 ($0.14) dividend. This represents a dividend yield of 3.44%. The ex-dividend date is Thursday, August 18th. This is an increase from Northgate plc’s previous dividend of $5.10.
In other Northgate plc news, insider Spencer ,Bill bought 8,000 shares of Northgate plc stock in a transaction on Tuesday, June 28th. The shares were purchased at an average price of GBX 325 ($4.24) per share, with a total value 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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