Peel Hunt Reaffirms Buy Rating for Northgate plc (NTG)
Northgate plc (LON:NTG)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a research note issued to investors on Wednesday. They presently have a GBX 450 ($5.87) target price on the stock. Peel Hunt’s price target suggests a potential upside of 4.96% from the stock’s current price.
NTG has been the subject of several other research reports. Jefferies Group reaffirmed a “buy” rating and set a GBX 530 ($6.92) price target on shares of Northgate plc in a research note on Wednesday, June 22nd. Barclays PLC cut their price target on Northgate plc from GBX 480 ($6.27) to GBX 373 ($4.87) and set an “overweight” rating for the company in a research note on Wednesday, June 29th. N+1 Singer reaffirmed a “hold” rating on shares of Northgate plc in a research note on Wednesday. Finally, Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 500 ($6.53) price target on shares of Northgate plc in a research note on Monday, August 1st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Northgate plc currently has a consensus rating of “Buy” and a consensus price target of GBX 498.25 ($6.50).
Northgate plc (LON:NTG) opened at 428.25 on Wednesday. The stock’s market cap is GBX 562.36 million. The stock has a 50 day moving average of GBX 410.68 and a 200 day moving average of GBX 391.39. Northgate plc has a 1-year low of GBX 305.00 and a 1-year high of GBX 482.70.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/peel-hunt-reaffirms-buy-rating-for-northgate-plc-ntg.html
The company also recently announced a dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, August 18th will be paid a GBX 10.90 ($0.14) dividend. This is an increase from Northgate plc’s previous dividend of $5.10. The ex-dividend date is Thursday, August 18th. This represents a yield of 3.44%.
In other news, insider Spencer ,Bill bought 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The stock was purchased at an average price of GBX 325 ($4.24) per share, with a total value of £26,000 ($33,938.13).
About Northgate plc
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.
Receive News & Ratings for Northgate plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northgate plc and related companies with MarketBeat.com's FREE daily email newsletter.