Peel Hunt Reaffirms “Buy” Rating for Northgate (NTG)

Northgate (LON:NTG)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a report released on Friday, January 5th. They currently have a GBX 575 ($7.80) target price on the stock. Peel Hunt’s target price suggests a potential upside of 39.56% from the company’s previous close.

Several other brokerages have also recently issued reports on NTG. Numis Securities restated a “buy” rating and issued a GBX 575 ($7.80) price target on shares of Northgate in a research report on Thursday, October 5th. Jefferies Group reiterated a “buy” rating and set a GBX 600 ($8.14) price objective on shares of Northgate in a research report on Wednesday, December 13th. N+1 Singer reiterated a “buy” rating and set a GBX 497 ($6.74) price objective on shares of Northgate in a research report on Tuesday, September 19th. Berenberg Bank upgraded shares of Northgate to a “hold” rating and set a GBX 465 ($6.31) price objective for the company in a research report on Thursday, November 2nd. Finally, Barclays restated an “overweight” rating on shares of Northgate in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 565.50 ($7.67).

Shares of Northgate (LON NTG) traded down GBX 1 ($0.01) during midday trading on Friday, reaching GBX 412 ($5.59). 245,826 shares of the company’s stock traded hands, compared to its average volume of 338,874. Northgate has a 1 year low of GBX 374.80 ($5.08) and a 1 year high of GBX 575.50 ($7.80). The firm has a market cap of $550.25 and a PE ratio of 1,056.41.

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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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