Northgate plc (NTG) Stock Rating Reaffirmed by Peel Hunt
Northgate plc (LON:NTG)‘s stock had its “buy” rating reaffirmed by research analysts at Peel Hunt in a note issued to investors on Wednesday. They currently have a GBX 450 ($5.87) price objective on the stock. Peel Hunt’s target price points to a potential upside of 5.39% from the stock’s previous close.
Several other equities research analysts have also issued reports on the stock. 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 Monday, August 1st. Barclays PLC lowered their price target on shares of Northgate plc from GBX 480 ($6.27) to GBX 373 ($4.87) and set an “overweight” rating on the stock in a research note on Wednesday, June 29th. Jefferies Group lowered their price target on shares of Northgate plc from GBX 530 ($6.92) to GBX 480 ($6.27) and set a “buy” rating on the stock in a research note on Monday, July 25th. Finally, N+1 Singer reiterated a “hold” rating on shares of Northgate plc in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 498.25 ($6.50).
Shares of Northgate plc (LON:NTG) opened at 426.813 on Wednesday. The company has a 50 day moving average of GBX 413.54 and a 200 day moving average of GBX 391.61. The company’s market cap is GBX 560.47 million. Northgate plc has a 1-year low of GBX 305.00 and a 1-year high of GBX 473.70.
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 dividend of GBX 10.90 ($0.14) per share. The ex-dividend date of this dividend is Thursday, August 18th. This is a positive change from Northgate plc’s previous dividend of $5.10. This represents a dividend yield of 3.44%.
In other news, insider Spencer ,Bill acquired 8,000 shares of the stock in a transaction dated Tuesday, June 28th. The shares were bought at an average cost of GBX 325 ($4.24) per share, for a total transaction 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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