Northgate (NTG) Given Overweight Rating at Barclays

Barclays reaffirmed their overweight rating on shares of Northgate (LON:NTG) in a research note released on Wednesday morning.

A number of other analysts have also issued reports on the stock. Peel Hunt reiterated a buy rating and set a GBX 575 ($7.74) price target on shares of Northgate in a research note on Friday, September 8th. Berenberg Bank upgraded shares of Northgate to a hold rating and set a GBX 465 ($6.26) price target on the stock in a research note on Thursday, November 2nd. Jefferies Group reiterated a buy rating and set a GBX 600 ($8.08) price target on shares of Northgate in a research note on Thursday, October 5th. Numis Securities reiterated a buy rating and set a GBX 575 ($7.74) price target (down from GBX 600 ($8.08)) on shares of Northgate in a research note on Tuesday, September 19th. Finally, N+1 Singer boosted their price target on shares of Northgate from GBX 497 ($6.69) to GBX 578 ($7.78) and gave the stock a buy rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of GBX 565.50 ($7.61).

Shares of Northgate (LON:NTG) traded down GBX 10 ($0.13) during trading hours on Wednesday, reaching GBX 385.46 ($5.19). 540,184 shares of the company’s stock were exchanged, compared to its average volume of 331,605. Northgate has a one year low of GBX 394.20 ($5.31) and a one year high of GBX 575.50 ($7.75).

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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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