Northgate plc Receives Consensus Recommendation of “Buy” from Analysts (LON:NTG)
Shares of Northgate plc (LON:NTG) have earned a consensus rating of “Buy” from the eight analysts that are currently covering the company, Stock Ratings Network.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 462.75 ($7.88).
NTG has been the subject of a number of recent research reports. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Northgate plc in a research note on Tuesday. They now have a GBX 507 ($8.63) price target on the stock. Separately, analysts at Goldman Sachs raised their price target on shares of Northgate plc from GBX 565 ($9.62) to GBX 610 ($10.38) in a research note on Monday, April 14th. They now have a “neutral” rating on the stock. Finally, analysts at Berenberg Bank initiated coverage on shares of Northgate plc in a research note on Tuesday, April 8th. They set a “buy” rating and a GBX 650 ($11.06) price target on the stock.
Shares of Northgate plc (LON:NTG) traded down 2.34% on Tuesday, hitting GBX 501.50. 110,361 shares of the company’s stock traded hands. Northgate plc has a 52 week low of GBX 327.00 and a 52 week high of GBX 618.50. The stock has a 50-day moving average of GBX 516.3 and a 200-day moving average of GBX 533.6. The company’s market cap is £668.2 million.
Northgate plc is an investment holding company. The Company is engaged in light commercial vehicle hire business in United Kingdom and Spain.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.