Peel Hunt reissued their buy rating on shares of Northgate plc (LON:NTG) in a research note issued to investors on Friday morning. They currently have a GBX 575 ($7.43) target price on the stock.

A number of other analysts have also weighed in on NTG. Numis Securities Ltd reiterated an add rating and issued a GBX 600 ($7.75) target price on shares of Northgate plc in a research note on Tuesday, June 27th. N+1 Singer reiterated a buy rating and issued a GBX 638 ($8.24) target price on shares of Northgate plc in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC reiterated a buy rating and issued a GBX 600 ($7.75) target price on shares of Northgate plc in a research note on Wednesday, July 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Northgate plc currently has an average rating of Buy and an average target price of GBX 579.67 ($7.49).

Shares of Northgate plc (LON NTG) traded up 2.46% during mid-day trading on Friday, hitting GBX 416.50. 219,460 shares of the stock were exchanged. The stock’s 50 day moving average is GBX 422.43 and its 200 day moving average is GBX 495.68. The firm’s market cap is GBX 551.83 million. Northgate plc has a 12 month low of GBX 392.02 and a 12 month high of GBX 575.50.

Northgate plc (LON:NTG) last released its earnings results on Monday, June 26th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Northgate plc had a return on equity of 10.54% and a net margin of 7.66%. Analysts expect that Northgate plc will post $47.40 EPS for the current fiscal year.

WARNING: This story was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/09/09/northgate-plc-ntg-receives-buy-rating-from-peel-hunt.html.

The company also recently declared a dividend, which will be paid on Saturday, September 23rd. Stockholders of record on Thursday, August 10th will be paid a dividend of GBX 11.60 ($0.15) per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a dividend yield of 2.6%. This is a positive change from Northgate plc’s previous dividend of $5.70.

In other news, insider Andrew Page purchased 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, for a total transaction of £126,600 ($163,502.52). Also, insider Claire Miles purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, July 11th. The shares were purchased at an average price 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.

Analyst Recommendations for Northgate plc (LON:NTG)

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.