Northgate plc (NTG) to Issue Dividend of GBX 11.60
Northgate plc (LON:NTG) declared a dividend on Tuesday, June 27th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 10th will be given a dividend of GBX 11.60 ($0.15) per share on Saturday, September 23rd. This represents a yield of 2.6%. The ex-dividend date of this dividend is Thursday, August 10th. This is a positive change from Northgate plc’s previous dividend of $5.70. The official announcement can be accessed at this link.
Northgate plc (NTG) opened at 456.20 on Friday. The stock’s market cap is GBX 604.43 million. The firm has a 50-day moving average price of GBX 459.49 and a 200 day moving average price of GBX 515.77. Northgate plc has a 52-week low of GBX 344.25 and a 52-week high of GBX 575.50.
NTG has been the topic of several analyst reports. Peel Hunt reissued a “buy” rating on shares of Northgate plc in a research report on Tuesday, June 27th. Jefferies Group LLC restated a “buy” rating and set a GBX 600 ($7.91) price target on shares of Northgate plc in a report on Wednesday, July 5th. Numis Securities Ltd restated an “add” rating and set a GBX 600 ($7.91) price target on shares of Northgate plc in a report on Tuesday, June 27th. Finally, N+1 Singer reiterated a “buy” rating and issued a GBX 638 ($8.42) target price on shares of Northgate plc in a research note on Tuesday, June 27th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 579.67 ($7.65).
In related news, insider Claire Miles purchased 5,000 shares of Northgate plc stock in a transaction that occurred on Tuesday, July 11th. The shares were acquired at an average price of GBX 428 ($5.65) per share, for a total transaction of £21,400 ($28,228.47). Also, insider Andrew Page purchased 30,000 shares of Northgate plc stock in a transaction that occurred on Tuesday, July 18th. The shares were bought at an average price of GBX 422 ($5.57) per share, for a total transaction of £126,600 ($166,996.44).
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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