Northgate’s (NTG) Buy Rating Reiterated at Peel Hunt
Peel Hunt reissued their buy rating on shares of Northgate (LON:NTG) in a research report released on Tuesday, ThisIsMoney.Co.Uk reports.
Shares of NTG stock opened at GBX 306.50 ($4.00) on Tuesday. The company has a market cap of $408.36 million and a price-to-earnings ratio of 8.63. The stock has a 50 day simple moving average of GBX 337.78 and a 200-day simple moving average of GBX 330.68. Northgate has a 12-month low of GBX 300 ($3.92) and a 12-month high of GBX 415 ($5.42). The company has a current ratio of 1.00, a quick ratio of 0.78 and a debt-to-equity ratio of 96.53.
The firm also recently disclosed a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, December 12th will be given a GBX 6.30 ($0.08) dividend. This represents a yield of 1.99%. The ex-dividend date of this dividend is Thursday, December 12th. Northgate’s payout ratio is 0.51%.
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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