Numis Securities Reaffirms “Buy” Rating for Northgate (NTG)
Northgate (LON:NTG)‘s stock had its “buy” rating reissued by Numis Securities in a report released on Tuesday. They presently have a GBX 575 ($7.74) price target on the stock. Numis Securities’ price objective would suggest a potential upside of 45.71% from the stock’s current price.
Several other equities research analysts have also commented on the company. Peel Hunt reissued a “buy” rating and set a GBX 575 ($7.74) price target on shares of Northgate in a research note on Wednesday, October 4th. N+1 Singer reissued a “buy” rating and set a GBX 497 ($6.69) price target on shares of Northgate in a research note on Tuesday, September 19th. Berenberg Bank raised Northgate to a “hold” rating and set a GBX 465 ($6.26) price target on the stock in a research note on Thursday, November 2nd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a GBX 600 ($8.08) target price on shares of Northgate in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 565.50 ($7.61).
Shares of Northgate (LON NTG) traded up GBX 3.38 ($0.05) during mid-day trading on Tuesday, reaching GBX 394.63 ($5.31). The company had a trading volume of 468,896 shares, compared to its average volume of 346,616. Northgate has a 1 year low of GBX 382.25 ($5.14) and a 1 year high of GBX 575.50 ($7.75).
Northgate 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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