Northgate (NTG) Rating Reiterated by N+1 Singer

Northgate (LON:NTG)‘s stock had its “buy” rating reaffirmed by equities researchers at N+1 Singer in a research report issued to clients and investors on Tuesday. They currently have a GBX 578 ($7.78) price target on the stock. N+1 Singer’s price target points to a potential upside of 49.45% from the company’s previous close.

A number of other research firms have also recently weighed in on NTG. Numis Securities restated a “buy” rating and issued a GBX 575 ($7.74) price target on shares of Northgate in a report on Tuesday. Berenberg Bank upgraded Northgate to a “hold” rating and set a GBX 465 ($6.26) price target for the company in a report on Thursday, November 2nd. Jefferies Group restated a “buy” rating and issued a GBX 600 ($8.08) price target on shares of Northgate in a report on Thursday, October 5th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 575 ($7.74) price target on shares of Northgate in a report on Wednesday, October 4th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Northgate presently has a consensus rating of “Buy” and a consensus price target of GBX 565.50 ($7.61).

Shares of Northgate (LON:NTG) opened at GBX 386.75 ($5.21) on Tuesday. Northgate has a fifty-two week low of GBX 394.20 ($5.31) and a fifty-two week high of GBX 575.50 ($7.75).

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About Northgate

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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