Northgate’s (NTG) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt restated their buy rating on shares of Northgate (LON:NTG) in a research note issued to investors on Tuesday morning.

Several other research analysts also recently commented on the company. Jefferies Financial Group reissued a buy rating and set a GBX 600 ($7.84) target price on shares of Northgate in a research note on Tuesday, September 18th. Numis Securities reissued a buy rating and set a GBX 510 ($6.66) target price on shares of Northgate in a research note on Tuesday, September 18th.

Shares of LON NTG opened at GBX 391.60 ($5.12) on Tuesday. Northgate has a 12 month low of GBX 300 ($3.92) and a 12 month high of GBX 575.50 ($7.52).

The firm also recently announced a dividend, which will be paid on Friday, January 25th. Shareholders of record on Thursday, December 13th will be paid a dividend of GBX 6.20 ($0.08) per share. This represents a yield of 1.63%. The ex-dividend date is Thursday, December 13th.

About Northgate

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 53,000 vehicles from 77 locations in the United Kingdom; and a fleet of 40,000 vehicles from 24 locations in Spain.

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