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

Peel Hunt reaffirmed their buy rating on shares of Northgate (LON:NTG) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other analysts have also weighed in on NTG. Numis Securities reissued a buy rating on shares of Northgate in a report on Friday, June 14th. Barclays lowered their target price on Northgate from GBX 450 ($5.88) to GBX 410 ($5.36) and set an overweight rating on the stock in a report on Wednesday, May 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Northgate currently has an average rating of Buy and a consensus price target of GBX 473 ($6.18).

NTG stock opened at GBX 323.93 ($4.23) on Tuesday. 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 $431.58 million and a PE ratio of 8.57. Northgate has a one year low of GBX 300 ($3.92) and a one year high of GBX 447.60 ($5.85). The company’s fifty day moving average price is GBX 337.91 and its 200-day moving average price is GBX 352.56.

The company also recently announced a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 15th will be issued a GBX 12.10 ($0.16) dividend. This is a positive change from Northgate’s previous dividend of $6.20. The ex-dividend date is Thursday, August 15th. This represents a yield of 3.82%. Northgate’s dividend payout ratio is 0.48%.

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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Analyst Recommendations for Northgate (LON:NTG)

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