Northgate (NTG) Receives “Buy” Rating from Peel Hunt
Northgate (LON:NTG)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a note issued to investors on Tuesday. They presently have a GBX 575 ($7.74) price target on the stock. Peel Hunt’s target price would suggest a potential upside of 39.31% from the stock’s current price.
A number of other research analysts have also weighed in on NTG. Numis Securities reiterated a “buy” rating and issued a GBX 575 ($7.74) price objective (down from GBX 600 ($8.08)) on shares of Northgate in a research note on Tuesday, September 19th. N+1 Singer reiterated a “buy” rating and issued a GBX 497 ($6.69) price objective on shares of Northgate in a research note on Tuesday, September 19th. Jefferies Group reiterated a “buy” rating and issued a GBX 600 ($8.08) price objective on shares of Northgate in a research note on Thursday, October 5th. Finally, Berenberg Bank upgraded shares of Northgate to a “hold” rating and set a GBX 465 ($6.26) price objective for the company in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 565.50 ($7.61).
Northgate (LON:NTG) traded down GBX 11.50 ($0.15) during trading on Tuesday, reaching GBX 412.75 ($5.56). 546,186 shares of the company were exchanged, compared to its average volume of 320,893. Northgate has a fifty-two week low of GBX 394.20 ($5.31) and a fifty-two week high of GBX 575.50 ($7.75).
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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