Northgate plc (LON:NTG) declared a dividend on Tuesday, June 25th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 15th will be paid a dividend of GBX 12.10 ($0.16) per share on Friday, September 27th. This represents a dividend yield of 3.82%. The ex-dividend date is Thursday, August 15th. This is a boost from Northgate’s previous dividend of $6.20. The official announcement can be seen at this link.
NTG opened at GBX 343 ($4.48) on Wednesday. The business has a fifty day moving average price of GBX 337.55. The company has a debt-to-equity ratio of 84.03, a quick ratio of 0.83 and a current ratio of 1.06. The company has a market capitalization of $456.87 million and a P/E ratio of 9.07. Northgate has a 12-month low of GBX 300 ($3.92) and a 12-month high of GBX 447.60 ($5.85).
NTG has been the subject of a number of research reports. Numis Securities reiterated a “buy” rating on shares of Northgate in a report on Friday, June 14th. Barclays reduced their price target on Northgate from GBX 450 ($5.88) to GBX 410 ($5.36) and set an “overweight” rating for the company in a report on Wednesday, May 15th. Finally, Peel Hunt restated a “buy” rating on shares of Northgate in a report on Tuesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Northgate presently has an average rating of “Buy” and a consensus price target of GBX 473 ($6.18).
Northgate Company Profile
Northgate plc provides light commercial vehicle hire services in the United Kingdom, Spain, and the Republic of Ireland. It also sells used vehicles; supplies other related goods and services; and offers fleet management services. The company operates a fleet of 52,900 vehicles in the United Kingdom; and a fleet of 48,000 vehicles in Spain.
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