Brokerages Set Northgate plc (NTG) PT at $580.60
Northgate plc (LON:NTG) has been given an average rating of “Buy” by the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 580.60 ($7.51).
Several research analysts recently issued reports on NTG shares. Jefferies Group LLC increased their target price on shares of Northgate plc from GBX 480 ($6.21) to GBX 600 ($7.76) and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Peel Hunt increased their target price on shares of Northgate plc from GBX 550 ($7.11) to GBX 575 ($7.44) and gave the stock a “buy” rating in a research note on Thursday, June 8th. Numis Securities Ltd reissued an “add” rating and set a GBX 600 ($7.76) target price on shares of Northgate plc in a research note on Tuesday, June 27th. Finally, N+1 Singer reissued a “buy” rating and set a GBX 638 ($8.25) target price on shares of Northgate plc in a research note on Tuesday, June 27th.
In other Northgate plc news, insider Claire Miles acquired 5,000 shares of the stock in a transaction on Tuesday, July 11th. The shares were purchased at an average price of GBX 428 ($5.54) per share, for a total transaction of £21,400 ($27,677.19). Also, insider Andrew Page acquired 30,000 shares of the stock in a transaction on Tuesday, July 18th. The shares were acquired at an average price of GBX 422 ($5.46) per share, for a total transaction of £126,600 ($163,735.13).
Northgate plc (NTG) traded up 0.12% on Wednesday, hitting GBX 411.90. The company’s market capitalization is GBX 545.73 million. Northgate plc has a one year low of GBX 392.02 and a one year high of GBX 575.50. The company has a 50 day moving average of GBX 427.64 and a 200-day moving average of GBX 505.30.
The business also recently announced a dividend, which will be paid on Saturday, September 23rd. Investors of record on Thursday, August 10th will be paid a dividend of GBX 11.60 ($0.15) per share. The ex-dividend date is Thursday, August 10th. This is a positive change from Northgate plc’s previous dividend of $5.70. This represents a yield of 2.6%.
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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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