Northgate (LON:NTG)‘s stock had its “buy” rating reaffirmed by equities research analysts at Peel Hunt in a research note issued on Tuesday.
A number of other analysts have also recently commented on NTG. Numis Securities reaffirmed a “buy” rating and set a GBX 510 ($6.66) target price on shares of Northgate in a report on Tuesday, September 18th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 600 ($7.84) price objective on shares of Northgate in a research note on Tuesday, September 18th. Five analysts have rated the stock with a buy rating, Northgate has a consensus rating of “Buy” and a consensus target price of GBX 547 ($7.15).
NTG stock traded down GBX 10 ($0.13) during midday trading on Tuesday, reaching GBX 380 ($4.97). 281,139 shares of the company’s stock traded hands, compared to its average volume of 413,172. Northgate has a 52-week low of GBX 300 ($3.92) and a 52-week high of GBX 575.50 ($7.52).
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 53,000 vehicles from 77 locations in the United Kingdom; and a fleet of 40,000 vehicles from 24 locations in Spain.
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