Northgate plc (NTG) Given Average Recommendation of “Buy” by Brokerages
Northgate plc (LON:NTG) has earned a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 565.50 ($7.46).
Several equities analysts have recently issued reports on NTG shares. N+1 Singer lifted their price objective on shares of Northgate plc from GBX 497 ($6.56) to GBX 578 ($7.63) and gave the stock a “buy” rating in a research note on Friday, October 6th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 575 ($7.59) price objective on shares of Northgate plc in a research note on Wednesday, October 4th. Berenberg Bank raised shares of Northgate plc to a “hold” rating and set a GBX 465 ($6.14) price objective on the stock in a research note on Thursday. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 575 ($7.59) price objective on shares of Northgate plc in a research note on Thursday, October 5th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 600 ($7.92) price objective on shares of Northgate plc in a research note on Thursday, October 5th.
Northgate plc (LON NTG) opened at GBX 459 ($6.06) on Monday. Northgate plc has a 1 year low of GBX 392.02 ($5.17) and a 1 year high of GBX 575.50 ($7.59).
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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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