Zacks Investment Research Upgrades Northgate (NGTEF) to Hold

Northgate (OTCMKTS:NGTEF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “Northgate plc is engaged in the commercial vehicle hire business. It operates primarily in the UK, Ireland and Spain. The company serves corporate, small and medium sized and micro businesses. Northgate plc is headquartered in Darlington, the United Kingdom. “

Separately, Berenberg Bank upgraded Northgate from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd.

Shares of Northgate (OTCMKTS NGTEF) opened at $5.55 on Wednesday. Northgate has a twelve month low of $5.55 and a twelve month high of $5.71.

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About Northgate

Northgate plc provides light commercial vehicle hire services in the United Kingdom, Spain, and the Republic of Ireland. It also sells used vehicles; supplies other related goods and services; and offers fleet management services. The company operates a fleet of 53,000 vehicles from 77 locations in the United Kingdom; and a fleet of 40,000 vehicles from 24 locations in Spain.

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