Jefferies Group Comments on Northgate Plc’s FY2018 Earnings (NGTEF)

Northgate Plc (OTCMKTS:NGTEF) – Equities researchers at Jefferies Group issued their FY2018 earnings per share (EPS) estimates for shares of Northgate in a research note issued on Tuesday. Jefferies Group analyst J. Spooner anticipates that the company will post earnings per share of $0.56 for the year. Jefferies Group also issued estimates for Northgate’s FY2019 earnings at $0.63 EPS and FY2020 earnings at $0.71 EPS.

NGTEF has been the subject of a number of other reports. Berenberg Bank upgraded shares of Northgate from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Numis Securities upgraded shares of Northgate from an “add” rating to a “buy” rating in a report on Tuesday, September 19th.

Shares of Northgate (OTCMKTS:NGTEF) remained flat at $$5.71 on Friday. Northgate has a 12 month low of $5.71 and a 12 month high of $6.30.

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Northgate Company Profile

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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