Northgate Downgraded to Hold at Jefferies Group (NTG)
Northgate (LON:NTG) was downgraded by Jefferies Group from a “buy” rating to a “hold” rating in a research note issued on Tuesday, American Banking News reports. They currently have a GBX 385 ($6.18) price target on the stock. Jefferies Group’s price target points to a potential downside of 11.49% from the stock’s previous close.
Northgate (LON:NTG) traded up 0.23% during mid-day trading on Tuesday, hitting GBX 435.00. 53,618 shares of the company’s stock traded hands. Northgate has a 52-week low of GBX 241.25 and a 52-week high of GBX 442.00. The stock has a 50-day moving average of GBX 394.7 and a 200-day moving average of GBX 350.1. The company’s market cap is £579.0 million.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd raised their price target on shares of Northgate from GBX 400 ($6.42) to GBX 466 ($7.48) in a research note to investors on Thursday, September 19th. They now have an “add” rating on the stock. Separately, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Northgate in a research note to investors on Thursday, September 19th. They now have a GBX 450 ($7.22) price target on the stock. Finally, analysts at N+1 Singer reiterated a “buy” rating on shares of Northgate in a research note to investors on Thursday, September 19th. They now have a GBX 450 ($7.22) price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six 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 ($5.84).
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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