Northgate plc (NTG) Given “Hold” Rating at N+1 Singer
Northgate plc (LON:NTG)‘s stock had its “hold” rating restated by analysts at N+1 Singer in a research note issued to investors on Wednesday.
A number of other equities research analysts have also recently commented on NTG. Jefferies Group reiterated a “buy” rating and issued a GBX 530 ($6.92) price target on shares of Northgate plc in a research note on Wednesday, June 22nd. Peel Hunt reiterated a “buy” rating and issued a GBX 500 ($6.53) price target on shares of Northgate plc in a research note on Tuesday, June 28th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 500 ($6.53) price target on shares of Northgate plc in a research note on Tuesday, June 28th. Finally, Barclays PLC decreased 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. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 504.50 ($6.59).
Northgate plc (LON:NTG) opened at 432.75 on Wednesday. The company’s market capitalization is GBX 568.27 million. Northgate plc has a 1-year low of GBX 305.00 and a 1-year high of GBX 482.70. The firm has a 50-day moving average price of GBX 410.68 and a 200 day moving average price of GBX 391.39.
The company also recently disclosed a dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, August 18th will be paid a GBX 10.90 ($0.14) dividend. This represents a dividend yield of 3.44%. This is a boost from Northgate plc’s previous dividend of $5.10. The ex-dividend date is Thursday, August 18th.
In other news, insider Spencer ,Bill acquired 8,000 shares of Northgate plc stock in a transaction dated Tuesday, June 28th. The stock was purchased at an average cost of GBX 325 ($4.24) per share, for a total transaction of £26,000 ($33,938.13).
Northgate plc Company Profile
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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