Northgate (NTG) Reaches New 1-Year Low at $364.00
Northgate plc (LON:NTG) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 364 ($5.03) and last traded at GBX 366 ($5.06), with a volume of 708401 shares trading hands. The stock had previously closed at GBX 380.80 ($5.26).
Several equities research analysts recently weighed in on NTG shares. Berenberg Bank upgraded shares of Northgate to a “hold” rating and set a GBX 465 ($6.42) target price for the company in a research note on Thursday, November 2nd. Peel Hunt reiterated a “buy” rating and issued a GBX 575 ($7.94) target price on shares of Northgate in a research note on Tuesday, December 5th. N+1 Singer reiterated a “buy” rating and issued a GBX 578 ($7.99) target price on shares of Northgate in a research note on Tuesday, December 5th. Numis Securities reiterated a “buy” rating and issued a GBX 575 ($7.94) target price on shares of Northgate in a research note on Tuesday, December 5th. Finally, Barclays reiterated an “overweight” rating on shares of Northgate in a research note on Wednesday, December 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 558.60 ($7.72).
The stock has a market cap of $487.63 and a PE ratio of 938.46.
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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