Brokerages Set Northgate (NTG) PT at $518.60

Northgate (LON:NTG) has earned a consensus rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 518.60 ($7.28).

A number of equities analysts have issued reports on NTG shares. Jefferies Group restated a “buy” rating and issued a GBX 600 ($8.42) price objective on shares of Northgate in a research report on Wednesday, December 13th. Peel Hunt restated a “buy” rating and issued a GBX 575 ($8.07) price objective on shares of Northgate in a research report on Friday, January 5th. Finally, Numis Securities reiterated an “under review” rating on shares of Northgate in a research report on Thursday, February 22nd.

Shares of NTG stock traded up GBX 2.40 ($0.03) during mid-day trading on Thursday, reaching GBX 341.60 ($4.80). The stock had a trading volume of 143,024 shares, compared to its average volume of 413,172. Northgate has a 52-week low of GBX 300 ($4.21) and a 52-week high of GBX 575.50 ($8.08).

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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.

Analyst Recommendations for Northgate (LON:NTG)

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