Northgate plc (NTG) Given Average Recommendation of “Buy” by Brokerages
Northgate plc (LON:NTG) has earned a consensus recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 580.60 ($7.56).
Several equities research analysts have commented on NTG shares. Jefferies Group LLC upped their price objective on Northgate plc from GBX 480 ($6.25) to GBX 600 ($7.82) and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Peel Hunt upped their price objective on Northgate plc from GBX 550 ($7.17) to GBX 575 ($7.49) and gave the stock a “buy” rating in a research report on Thursday, June 8th. Numis Securities Ltd restated an “add” rating and issued a GBX 600 ($7.82) price objective on shares of Northgate plc in a research report on Tuesday, June 27th. Finally, N+1 Singer reiterated a “buy” rating and set a GBX 638 ($8.31) target price on shares of Northgate plc in a research report on Tuesday, June 27th.
Northgate plc (LON NTG) opened at 428.90 on Friday. The company has a 50 day moving average of GBX 465.31 and a 200-day moving average of GBX 517.52. Northgate plc has a 12-month low of GBX 358.50 and a 12-month high of GBX 575.50. The stock’s market cap is GBX 571.43 million.
The company also recently disclosed a dividend, which will be paid on Saturday, September 23rd. Investors of record on Thursday, August 10th will be paid a GBX 11.60 ($0.15) dividend. This is an increase from Northgate plc’s previous dividend of $5.70. This represents a yield of 2.6%. The ex-dividend date is Thursday, August 10th.
TRADEMARK VIOLATION WARNING: “Northgate plc (NTG) Given Average Recommendation of “Buy” by Brokerages” was published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/07/29/northgate-plc-ntg-given-average-recommendation-of-buy-by-brokerages.html.
In other news, insider Andrew Page acquired 30,000 shares of Northgate plc stock in a transaction that occurred on Tuesday, July 18th. The stock was purchased at an average cost of GBX 422 ($5.50) per share, with a total value of £126,600 ($164,929.65). Also, insider Claire Miles acquired 5,000 shares of Northgate plc stock in a transaction that occurred on Tuesday, July 11th. The stock was purchased at an average cost of GBX 428 ($5.58) per share, with a total value of £21,400 ($27,879.10).
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.
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.