Northgate Receives Buy Rating from Jefferies Group (NTG)
Northgate (LON:NTG)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Group in a report issued on Thursday, Analyst Ratings Network reports. They currently have a GBX 385 ($6.11) price target on the stock. Jefferies Group’s price target indicates a potential downside of 2.78% from the company’s current price.
A number of other analysts have also recently weighed in on NTG. Analysts at N+1 Singer reiterated a “buy” rating on shares of Northgate (LON:NTG) in a research note to investors on Thursday. They now have a GBX 450 ($7.15) price target on the stock. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of Northgate (LON:NTG) in a research note to investors on Monday, July 8th. They now have a GBX 385 ($6.11) price target on the stock.
One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 364.25 ($5.78).
Shares of Northgate (LON:NTG) opened at 425.00 on Thursday. Northgate has a 1-year low of GBX 221.962 and a 1-year high of GBX 410.00. The stock’s 50-day moving average is GBX 392. and its 200-day moving average is GBX 348.9. The company’s market cap is £565.7 million.
Northgate plc is an investment holding company. The Company is engaged in light commercial vehicle hire business in United Kingdom and Spain.
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