Northgate plc (NTG) Receives Consensus Recommendation of “Buy” from Analysts

Northgate plc (LON:NTG) has received a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 558.60 ($7.72).

Several research analysts have recently weighed in on NTG shares. Berenberg Bank raised shares of Northgate to a “hold” rating and set a GBX 465 ($6.42) price target on the stock in a research report on Thursday, November 2nd. Numis Securities reissued a “buy” rating and set a GBX 575 ($7.94) price target on shares of Northgate in a research report on Tuesday, December 5th. N+1 Singer reissued a “buy” rating and set a GBX 578 ($7.99) price target on shares of Northgate in a research report on Tuesday, December 5th. Barclays reissued an “overweight” rating on shares of Northgate in a research report on Wednesday, December 6th. Finally, Jefferies Group reissued a “buy” rating and set a GBX 600 ($8.29) price target on shares of Northgate in a research report on Wednesday, December 13th.

Northgate (NTG) opened at GBX 380.80 ($5.26) on Wednesday. The firm has a market cap of $507.35 and a PE ratio of 976.41. Northgate has a 1 year low of GBX 368.60 ($5.09) and a 1 year high of GBX 575.50 ($7.95).

The business also recently announced a dividend, which was paid on Friday, January 26th. Shareholders of record on Thursday, December 14th were given a GBX 6.10 ($0.08) dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a yield of 1.52%.

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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.

Analyst Recommendations for Northgate (LON:NTG)

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