Northgate plc’s (NTG) “Buy” Rating Reaffirmed at N+1 Singer
Northgate plc (LON:NTG)‘s stock had its “buy” rating restated by equities researchers at N+1 Singer in a note issued to investors on Tuesday. They presently have a GBX 497 ($6.70) target price on the stock. N+1 Singer’s price objective suggests a potential upside of 18.33% from the company’s previous close.
A number of other research analysts also recently issued reports on NTG. Peel Hunt boosted their price objective on Northgate plc from GBX 550 ($7.42) to GBX 575 ($7.75) and gave the company a “buy” rating in a research note on Thursday, June 8th. Numis Securities Ltd restated an “add” rating and issued a GBX 600 ($8.09) price target on shares of Northgate plc in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC restated a “buy” rating and issued a GBX 600 ($8.09) price target on shares of Northgate plc in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of GBX 552 ($7.44).
Shares of Northgate plc (LON NTG) opened at 429.50 on Tuesday. The company has a 50-day moving average of GBX 419.25 and a 200-day moving average of GBX 488.80. Northgate plc has a 52 week low of GBX 392.02 and a 52 week high of GBX 575.50. The stock’s market capitalization is GBX 569.05 million.
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In other Northgate plc news, insider Andrew Page purchased 30,000 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was acquired at an average cost of GBX 422 ($5.69) per share, for a total transaction of £126,600 ($170,688.96). Also, insider Claire Miles purchased 5,000 shares of the company’s stock in a transaction on Tuesday, July 11th. The stock was acquired at an average price of GBX 428 ($5.77) per share, with a total value of £21,400 ($28,852.64).
About Northgate plc
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.
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