Peel Hunt Reiterates Buy Rating for Northgate (LON:NTG)
Northgate (LON:NTG)‘s stock had its “buy” rating restated by analysts at Peel Hunt in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.
Several other research firms also recently commented on NTG. Numis Securities restated a “buy” rating on shares of Northgate in a report on Friday, June 14th. Barclays reduced their price objective on Northgate from GBX 450 ($5.88) to GBX 410 ($5.36) and set an “overweight” rating on the stock in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 473 ($6.18).
NTG opened at GBX 328.90 ($4.30) on Tuesday. The business’s fifty day moving average price is GBX 338.03. The stock has a market cap of $456.87 million and a P/E ratio of 8.70. Northgate has a 52 week low of GBX 300 ($3.92) and a 52 week high of GBX 447.60 ($5.85). The company has a debt-to-equity ratio of 84.03, a current ratio of 1.06 and a quick ratio of 0.83.
Northgate plc provides light commercial vehicle hire services in the United Kingdom, Spain, and the Republic of Ireland. It also sells used vehicles; supplies other related goods and services; and offers fleet management services. The company operates a fleet of 52,900 vehicles in the United Kingdom; and a fleet of 48,000 vehicles in Spain.
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