Northgate plc (NTG) Given Hold Rating at N+1 Singer
NTG has been the subject of several other research reports. Jefferies Group reissued a buy rating and issued a GBX 530 ($6.92) price objective on shares of Northgate plc in a research note on Wednesday, June 22nd. Barclays PLC dropped their price target on shares of 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. Numis Securities Ltd reaffirmed a buy rating and set a GBX 500 ($6.53) price target on shares of Northgate plc in a research note on Monday, August 1st. Finally, Peel Hunt reaffirmed a buy rating and set a GBX 500 ($6.53) price target on shares of Northgate plc in a research note on Tuesday, June 28th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of GBX 498.25 ($6.50).
Shares of Northgate plc (LON:NTG) opened at 426.00 on Wednesday. The company’s market capitalization is GBX 559.40 million. The company has a 50-day moving average of GBX 412.12 and a 200 day moving average of GBX 391.36. Northgate plc has a 52-week low of GBX 305.00 and a 52-week high of GBX 475.90.
The company also recently disclosed a dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, August 18th will be given a dividend of GBX 10.90 ($0.14) per share. The ex-dividend date of this dividend is Thursday, August 18th. This is a boost 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 firm’s stock in a transaction dated Tuesday, June 28th. The stock was bought 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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