Northgate plc (LON:NTG) Insider Purchases £126,600 in Stock
Northgate plc (LON:NTG) insider Andrew Page bought 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was acquired at an average cost of GBX 422 ($5.51) per share, with a total value of £126,600 ($165,317.32).
Shares of Northgate plc (LON:NTG) traded up 1.40% during mid-day trading on Tuesday, hitting GBX 427.80. 153,453 shares of the stock were exchanged. The stock’s market cap is GBX 569.97 million. The company has a 50-day moving average price of GBX 519.79 and a 200-day moving average price of GBX 526.20. Northgate plc has a 12 month low of GBX 339.75 and a 12 month high of GBX 575.50.
The firm also recently declared a dividend, which will be paid on Saturday, September 23rd. Stockholders of record on Thursday, August 10th will be issued a dividend of GBX 11.60 ($0.15) per share. The ex-dividend date is Thursday, August 10th. This is a boost from Northgate plc’s previous dividend of $5.70. This represents a dividend yield of 2.6%.
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Several research analysts have commented on the stock. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 600 ($7.83) price objective on shares of Northgate plc in a research note on Tuesday, June 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 600 ($7.83) price objective on shares of Northgate plc in a research note on Wednesday, July 5th. N+1 Singer reaffirmed a “buy” rating and set a GBX 638 ($8.33) price objective on shares of Northgate plc in a research note on Tuesday, June 27th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Northgate plc in a research note on Tuesday, June 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 579.67 ($7.57).
About Northgate plc
Northgate plc is an investment holding company. The Company is engaged in the light commercial vehicle hire business in the United Kingdom, Ireland and Spain. The Company’s segments include UK, Spain and Corporate. The Company has a national network of approximately 80 branches across the United Kingdom and Ireland with a total fleet size of over 53,000 vehicles.
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