Northgate plc’s Buy Rating Reiterated at Numis Securities Ltd (NTG)
Northgate plc (LON:NTG)‘s stock had its “buy” rating reissued by Numis Securities Ltd in a research note issued on Monday. They currently have a GBX 612 ($10.16) price objective on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 20.24% from the stock’s previous close.
Shares of Northgate plc (LON:NTG) opened at 522.00 on Monday. Northgate plc has a 52 week low of GBX 385.00 and a 52 week high of GBX 618.50. The stock has a 50-day moving average of GBX 500.3 and a 200-day moving average of GBX 527.6. The company’s market cap is £694.7 million.
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 plc in a research note on Wednesday, July 9th. They now have a GBX 605 ($10.04) price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Northgate plc from GBX 385 ($6.39) to GBX 575 ($9.54) in a research note on Tuesday, July 1st. They now have a “hold” rating on the stock. Finally, analysts at Berenberg Bank reiterated a “buy” rating on shares of Northgate plc in a research note on Thursday, June 26th. They now have a GBX 650 ($10.79) price target on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 577.43 ($9.58).
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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