Northgate’s (NTG) Buy Rating Reaffirmed at Peel Hunt

Northgate (LON:NTG)‘s stock had its “buy” rating restated by analysts at Peel Hunt in a note issued to investors on Tuesday.

Separately, Numis Securities reissued a “buy” rating and set a GBX 450 ($5.86) price target on shares of Northgate in a research report on Tuesday, June 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 518.60 ($6.76).

NTG stock opened at GBX 430.60 ($5.61) on Tuesday. Northgate has a 12-month low of GBX 300 ($3.91) and a 12-month high of GBX 575.50 ($7.50).

Northgate (LON:NTG) last posted its quarterly earnings results on Tuesday, June 26th. The company reported GBX 34.80 ($0.45) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 34.10 ($0.44) by GBX 0.70 ($0.01). Northgate had a return on equity of 9.72% and a net margin of 7.29%.

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.

Further Reading: Price to Earnings Ratio (PE)

Analyst Recommendations for Northgate (LON:NTG)

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