Peel Hunt Reiterates Buy Rating for Northgate (NTG)
Northgate (LON:NTG)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a research note issued on Tuesday. They presently have a GBX 575 ($7.74) target price on the stock. Peel Hunt’s price objective suggests a potential upside of 48.67% from the company’s current price.
Several other research analysts have also weighed in on the stock. Berenberg Bank raised shares of Northgate to a “hold” rating and set a GBX 465 ($6.26) target price for the company in a research note on Thursday, November 2nd. Jefferies Group reissued a “buy” rating and issued a GBX 600 ($8.08) price objective on shares of Northgate in a research note on Thursday, October 5th. Numis Securities reissued a “buy” rating and issued a GBX 575 ($7.74) price objective (down previously from GBX 600 ($8.08)) on shares of Northgate in a research note on Tuesday, September 19th. Finally, N+1 Singer raised their price objective on shares of Northgate from GBX 497 ($6.69) to GBX 578 ($7.78) and gave the company a “buy” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 565.50 ($7.61).
Shares of Northgate (NTG) opened at GBX 386.75 ($5.21) on Tuesday. Northgate has a 1-year low of GBX 394.20 ($5.31) and a 1-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.
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