Northgate plc (NTG) Stock Rating Reaffirmed by Peel Hunt
A number of other analysts also recently commented on the company. Jefferies Group LLC reiterated a buy rating and set a GBX 600 ($7.96) target price on shares of Northgate plc in a research report on Wednesday, July 5th. N+1 Singer restated a buy rating and issued a GBX 638 ($8.46) price objective on shares of Northgate plc in a research report on Tuesday, June 27th. Finally, Numis Securities Ltd restated a buy rating and issued a GBX 575 ($7.63) price objective (down from GBX 600 ($7.96)) on shares of Northgate plc in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 565.50 ($7.50).
Northgate plc (LON NTG) opened at 448.75 on Wednesday. The firm’s market capitalization is GBX 594.56 million. Northgate plc has a 1-year low of GBX 392.02 and a 1-year high of GBX 575.50. The company has a 50-day moving average price of GBX 418.17 and a 200 day moving average price of GBX 477.88.
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In other Northgate plc news, insider Claire Miles bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The stock was purchased at an average cost of GBX 428 ($5.68) per share, for a total transaction of £21,400 ($28,385.73). Also, insider Andrew Page bought 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was acquired at an average price of GBX 422 ($5.60) per share, with a total value of £126,600 ($167,926.78).
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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