Northgate plc (NTG) Given Consensus Rating of “Buy” by Brokerages

Northgate plc (LON:NTG) has been given a consensus rating of “Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 580.60 ($7.66).

NTG has been the topic of several analyst reports. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 600 ($7.91) target price on shares of Northgate plc in a report on Tuesday, June 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 600 ($7.91) target price on shares of Northgate plc in a report on Wednesday, July 5th. N+1 Singer reaffirmed a “buy” rating and issued a GBX 638 ($8.42) target price on shares of Northgate plc in a report on Tuesday, June 27th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Northgate plc in a report on Tuesday, June 27th.

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In related news, insider Andrew Page purchased 30,000 shares of Northgate plc stock in a transaction that occurred on Tuesday, July 18th. The shares were acquired at an average price of GBX 422 ($5.57) per share, for a total transaction of £126,600 ($166,996.44). Also, insider Claire Miles purchased 5,000 shares of Northgate plc stock in a transaction that occurred on Tuesday, July 11th. The shares were bought at an average price of GBX 428 ($5.65) per share, for a total transaction of £21,400 ($28,228.47).

Northgate plc (NTG) traded down 0.16% on Friday, hitting GBX 445.10. 206,867 shares of the stock were exchanged. Northgate plc has a 1-year low of GBX 344.25 and a 1-year high of GBX 575.50. The company’s 50 day moving average is GBX 459.49 and its 200 day moving average is GBX 515.77. The stock’s market cap is GBX 593.02 million.

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

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)

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