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.

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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.

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