Northgate plc (NTG) Given Average Recommendation of “Buy” by Analysts
Northgate plc (LON:NTG) has been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 579.67 ($7.49).
A number of brokerages have issued reports on NTG. Peel Hunt upped their price objective on Northgate plc from GBX 550 ($7.10) to GBX 575 ($7.43) and gave the company a “buy” rating in a research report on Thursday, June 8th. N+1 Singer restated a “buy” rating and set a GBX 638 ($8.24) price objective on shares of Northgate plc in a research report on Tuesday, June 27th. Numis Securities Ltd restated an “add” rating and set a GBX 600 ($7.75) price objective on shares of Northgate plc in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC restated a “buy” rating and set a GBX 600 ($7.75) price objective on shares of Northgate plc in a research report on Wednesday, July 5th.
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Northgate plc (LON NTG) opened at 414.80 on Friday. The stock’s market capitalization is GBX 549.58 million. The company’s 50 day moving average price is GBX 419.81 and its 200-day moving average price is GBX 490.78. Northgate plc has a one year low of GBX 392.02 and a one year high of GBX 575.50.
The business also recently disclosed a dividend, which will be paid on Saturday, September 23rd. Shareholders of record on Thursday, August 10th will be given a dividend of GBX 11.60 ($0.15) per share. The ex-dividend date of this dividend is Thursday, August 10th. This is an increase from Northgate plc’s previous dividend of $5.70. This represents a yield of 2.6%.
In other Northgate plc news, insider Andrew Page bought 30,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were purchased at an average price of GBX 422 ($5.45) per share, with a total value of £126,600 ($163,502.52). Also, insider Claire Miles bought 5,000 shares of the business’s stock in a transaction dated Tuesday, July 11th. The shares were acquired at an average cost of GBX 428 ($5.53) per share, for a total transaction of £21,400 ($27,637.87).
Northgate plc Company Profile
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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