Northgate plc (NTG) Given Consensus Recommendation of “Buy” by Analysts
Shares of Northgate plc (LON:NTG) have received a consensus recommendation of “Buy” from the nine brokerages that are currently covering the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 498.25 ($6.17).
NTG has been the topic of several recent analyst reports. Numis Securities Ltd restated a “buy” rating and set a GBX 500 ($6.19) price objective on shares of Northgate plc in a research report on Monday, August 1st. N+1 Singer restated a “hold” rating on shares of Northgate plc in a research report on Wednesday, September 21st. Barclays PLC decreased their price objective on shares of Northgate plc from GBX 480 ($5.94) to GBX 373 ($4.62) and set an “overweight” rating on the stock in a research report on Wednesday, June 29th. Peel Hunt restated a “buy” rating and set a GBX 450 ($5.57) price objective on shares of Northgate plc in a research report on Wednesday, September 21st. Finally, Jefferies Group decreased their price objective on shares of Northgate plc from GBX 530 ($6.56) to GBX 480 ($5.94) and set a “buy” rating on the stock in a research report on Monday, July 25th.
Northgate plc (LON:NTG) traded up 1.12% during mid-day trading on Tuesday, reaching GBX 429.75. 122,940 shares of the company’s stock traded hands. Northgate plc has a 12-month low of GBX 305.00 and a 12-month high of GBX 442.00. The stock has a 50-day moving average price of GBX 423.84 and a 200-day moving average price of GBX 393.37. The stock’s market capitalization is GBX 564.33 million.
Northgate plc Company Profile
Northgate plc is a United Kingdom-based investment holding company. The Company is engaged in the light commercial vehicle hire business in the United Kingdom, Ireland and Spain. It operates through two divisions: the UK division, which includes operations in the Republic of Ireland, and Spain division.
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