Northgate plc (NTG) Given Average Recommendation of “Buy” by Brokerages

Northgate plc (LON:NTG) has received a consensus rating of “Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 565.50 ($7.57).

NTG has been the subject of several research analyst reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 575 ($7.70) price objective on shares of Northgate in a report on Friday, September 8th. Numis Securities reiterated a “buy” rating and set a GBX 575 ($7.70) target price (down from GBX 600 ($8.04)) on shares of Northgate in a research report on Tuesday, September 19th. N+1 Singer reiterated a “buy” rating and set a GBX 497 ($6.66) target price on shares of Northgate in a research report on Tuesday, September 19th. Jefferies Group reiterated a “buy” rating and set a GBX 600 ($8.04) target price on shares of Northgate in a research report on Thursday, October 5th. Finally, Berenberg Bank upgraded Northgate to a “hold” rating and set a GBX 465 ($6.23) price objective on the stock in a research report on Thursday, November 2nd.

Northgate (LON:NTG) opened at GBX 415.85 ($5.57) on Friday. Northgate has a 1 year low of GBX 394.20 ($5.28) and a 1 year high of GBX 575.50 ($7.71).

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About Northgate

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.

Analyst Recommendations for Northgate (LON:NTG)

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