Northgate plc (NTG) Receives Consensus Rating of “Buy” from Analysts
Northgate plc (LON:NTG) has earned an average rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 565.50 ($7.43).
Several equities research analysts recently weighed in on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 600 ($7.89) price objective on shares of Northgate plc in a report on Wednesday, July 5th. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 600 ($7.89) price objective on shares of Northgate plc in a report on Tuesday, June 27th. N+1 Singer upped their price objective on shares of Northgate plc from GBX 497 ($6.53) to GBX 578 ($7.60) and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 575 ($7.56) price objective on shares of Northgate plc in a report on Wednesday, October 4th.
Shares of Northgate plc (LON NTG) opened at 448.50 on Thursday. The firm’s market cap is GBX 594.23 million. Northgate plc has a 1-year low of GBX 392.02 and a 1-year high of GBX 575.50. The stock has a 50 day moving average of GBX 420.93 and a 200 day moving average of GBX 474.53.
In other Northgate plc news, insider Andrew Page purchased 30,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was bought at an average cost of GBX 422 ($5.55) per share, with a total value of £126,600 ($166,447.54).
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Northgate plc Company Profile
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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