Northgate (NTG) Receives Overweight Rating from Barclays

Northgate (LON:NTG)‘s stock had its “overweight” rating reaffirmed by Barclays in a research report issued to clients and investors on Wednesday.

Other research analysts have also recently issued reports about the stock. Peel Hunt reiterated a “buy” rating and set a GBX 575 ($7.74) target price on shares of Northgate in a report on Tuesday. N+1 Singer reiterated a “buy” rating and set a GBX 578 ($7.78) target price on shares of Northgate in a report on Tuesday. Numis Securities reiterated a “buy” rating and set a GBX 575 ($7.74) target price on shares of Northgate in a report on Tuesday. Jefferies Group reiterated a “buy” rating and set a GBX 600 ($8.08) target price on shares of Northgate in a report on Thursday, October 5th. Finally, Berenberg Bank upgraded shares of Northgate to a “hold” rating and set a GBX 465 ($6.26) target price on the stock in a report on Thursday, November 2nd. One 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 price target of GBX 565.50 ($7.61).

Northgate (LON:NTG) opened at GBX 410.50 ($5.52) on Wednesday. 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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