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

Northgate plc (LON:NTG) has been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 518.60 ($7.16).

Several equities research analysts have recently commented on the company. Numis Securities reissued a “buy” rating and issued a GBX 450 ($6.22) target price on shares of Northgate in a research note on Monday, March 5th. Peel Hunt lowered their target price on Northgate from GBX 575 ($7.94) to GBX 500 ($6.91) and set a “buy” rating for the company in a research note on Friday, February 23rd. Jefferies Group reissued a “buy” rating and issued a GBX 600 ($8.29) target price on shares of Northgate in a research note on Wednesday, December 13th. Barclays reissued an “overweight” rating on shares of Northgate in a research note on Wednesday, December 6th. Finally, N+1 Singer reissued a “buy” rating and issued a GBX 578 ($7.99) target price on shares of Northgate in a research note on Tuesday, December 5th.

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Shares of Northgate (LON:NTG) opened at GBX 345 ($4.77) on Friday. The company has a market capitalization of $457.52 and a price-to-earnings ratio of 884.62. Northgate has a 52 week low of GBX 300 ($4.14) and a 52 week high of GBX 575.50 ($7.95).

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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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