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

Several other brokerages also recently commented on NTG. Numis Securities reiterated a buy rating on shares of Northgate in a report on Friday, June 14th. Barclays dropped 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of GBX 473 ($6.18).

Northgate stock opened at GBX 323.93 ($4.23) on Tuesday. The stock’s 50-day moving average is GBX 337.91 and its 200-day moving average is GBX 352.56. The company has a market cap of $431.58 million and a price-to-earnings ratio of 8.57. The company has a debt-to-equity ratio of 84.03, a current ratio of 1.06 and a quick ratio of 0.83. Northgate has a 12 month low of GBX 300 ($3.92) and a 12 month high of GBX 447.60 ($5.85).

The business also recently announced a dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 15th will be issued a dividend of GBX 12.10 ($0.16) per share. This is an increase from Northgate’s previous dividend of $6.20. This represents a dividend yield of 3.82%. The ex-dividend date is Thursday, August 15th. Northgate’s dividend payout ratio (DPR) is presently 0.48%.

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 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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