Northgate plc (NTG) Receives Buy Rating from Peel Hunt
Northgate plc (LON:NTG)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a report issued on Friday. They currently have a GBX 575 ($7.43) price target on the stock. Peel Hunt’s target price would suggest a potential upside of 38.06% from the stock’s previous close.
Several other brokerages have also issued reports on NTG. Jefferies Group LLC reissued a “buy” rating and set a GBX 600 ($7.75) target price on shares of Northgate plc in a research note on Wednesday, July 5th. Numis Securities Ltd reissued an “add” rating and set a GBX 600 ($7.75) target price on shares of Northgate plc in a research note on Tuesday, June 27th. Finally, N+1 Singer reissued a “buy” rating and set a GBX 638 ($8.24) target price on shares of Northgate plc in a research note on Tuesday, June 27th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of GBX 579.67 ($7.49).
Northgate plc (LON NTG) traded up 2.46% during midday trading on Friday, reaching GBX 416.50. 219,460 shares of the company traded hands. The stock’s market capitalization is GBX 551.83 million. Northgate plc has a 12-month low of GBX 392.02 and a 12-month high of GBX 575.50. The company has a 50 day moving average of GBX 422.43 and a 200-day moving average of GBX 495.68.
Northgate plc (LON:NTG) last issued its earnings results on Monday, June 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Northgate plc had a net margin of 7.66% and a return on equity of 10.54%. Equities analysts anticipate that Northgate plc will post $47.40 EPS for the current fiscal year.
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In other Northgate plc news, insider Andrew Page acquired 30,000 shares of the company’s stock in a transaction on Tuesday, July 18th. The shares were purchased at an average cost of GBX 422 ($5.45) per share, with a total value of £126,600 ($163,502.52). Also, insider Claire Miles acquired 5,000 shares of the company’s stock in a transaction on Tuesday, July 11th. The stock was acquired at an average cost of GBX 428 ($5.53) per share, for a total transaction of £21,400 ($27,637.87).
About Northgate plc
Northgate plc is an investment holding company. The Company is engaged in the light commercial vehicle hire business in the United Kingdom, Ireland and Spain. The Company’s segments include UK, Spain and Corporate. The Company has a national network of approximately 80 branches across the United Kingdom and Ireland with a total fleet size of over 53,000 vehicles.
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