Northgate (NTG) Sets New 12-Month Low at $368.60

Shares of Northgate plc (LON:NTG) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 368.60 ($5.17) and last traded at GBX 386.80 ($5.42), with a volume of 531816 shares traded. The stock had previously closed at GBX 386.80 ($5.42).

Several brokerages have recently commented on NTG. Peel Hunt reaffirmed a “buy” rating and set a GBX 575 ($8.06) price objective on shares of Northgate in a research report on Friday, January 5th. Jefferies Group reaffirmed a “buy” rating and set a GBX 600 ($8.41) price objective on shares of Northgate in a research report on Wednesday, December 13th. N+1 Singer reaffirmed a “buy” rating and set a GBX 578 ($8.10) price objective on shares of Northgate in a research report on Tuesday, December 5th. Numis Securities reaffirmed a “buy” rating and set a GBX 575 ($8.06) price objective on shares of Northgate in a research report on Tuesday, December 5th. Finally, Barclays reaffirmed an “overweight” rating on shares of Northgate in a research report on Wednesday, December 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 558.60 ($7.83).

The stock has a market cap of $512.95 and a PE ratio of 991.79.

The firm also recently declared a dividend, which was paid on Friday, January 26th. Investors of record on Thursday, December 14th were given a GBX 6.10 ($0.09) dividend. This represents a yield of 1.52%. The ex-dividend date was Thursday, December 14th.

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About Northgate

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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