Shares of Northgate plc (LON:NTG) have been assigned a consensus recommendation of “Buy” from the nine brokerages that are covering the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 498.25 ($6.17).
A number of research analysts recently issued reports on the stock. Jefferies Group reiterated a “buy” rating and issued a GBX 530 ($6.56) target price on shares of Northgate plc in a research note on Wednesday, June 22nd. Barclays PLC lowered their target price on shares of Northgate plc from GBX 480 ($5.94) to GBX 373 ($4.62) and set an “overweight” rating on the stock in a research note on Wednesday, June 29th. Peel Hunt reiterated a “buy” rating and issued a GBX 450 ($5.57) target price on shares of Northgate plc in a research note on Wednesday, September 21st. N+1 Singer reiterated a “hold” rating on shares of Northgate plc in a research note on Wednesday, September 21st. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 500 ($6.19) target price on shares of Northgate plc in a research note on Monday, August 1st.
Northgate plc (LON:NTG) opened at 427.00 on Tuesday. The company’s market cap is GBX 560.72 million. The firm has a 50-day moving average of GBX 425.10 and a 200 day moving average of GBX 394.30. Northgate plc has a 52-week low of GBX 305.00 and a 52-week high of GBX 441.93.
About Northgate plc
Northgate plc is a United Kingdom-based investment holding company. The Company is engaged in the light commercial vehicle hire business in the United Kingdom, Ireland and Spain. It operates through two divisions: the UK division, which includes operations in the Republic of Ireland, and Spain division.
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