Northgate plc (LON:NTG) Stock Rating Reaffirmed by N+1 Singer

Northgate plc (LON:NTG)‘s stock had its “buy” rating reissued by investment analysts at N+1 Singer in a note issued to investors on Tuesday, June 27th. They presently have a GBX 638 ($8.33) target price on the stock. N+1 Singer’s price target points to a potential upside of 51.22% from the stock’s current price.

Several other equities research analysts have also recently weighed in on NTG. Numis Securities Ltd restated an “add” rating and set a GBX 600 ($7.83) target price on shares of Northgate plc in a research note on Tuesday, June 27th. Peel Hunt boosted their target price on Northgate plc from GBX 550 ($7.18) to GBX 575 ($7.51) and gave the stock a “buy” rating in a research note on Thursday, June 8th. Finally, Jefferies Group LLC boosted their target price on Northgate plc from GBX 480 ($6.27) to GBX 600 ($7.83) and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 579.67 ($7.57).

Northgate plc (LON NTG) opened at 421.40 on Tuesday. The stock’s 50 day moving average is GBX 519.79 and its 200 day moving average is GBX 526.20. The firm’s market cap is GBX 561.44 million. Northgate plc has a 12-month low of GBX 339.75 and a 12-month high of GBX 575.50.

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In other news, insider Claire Miles purchased 5,000 shares of the business’s stock in a transaction on Tuesday, July 11th. The shares were bought at an average price of GBX 428 ($5.59) per share, with a total value of £21,400 ($27,944.63).

Northgate plc 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 plc (LON:NTG)

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