Northgate plc (NTG) Upgraded to “Hold” at Berenberg Bank
Berenberg Bank upgraded shares of Northgate plc (LON:NTG) to a hold rating in a research note issued to investors on Thursday morning. Berenberg Bank currently has GBX 465 ($6.14) price target on the stock.
Several other research firms have also weighed in on NTG. N+1 Singer increased their target price on shares of Northgate plc from GBX 497 ($6.56) to GBX 578 ($7.63) and gave the stock a buy rating in a report on Friday, October 6th. Numis Securities Ltd reiterated a buy rating and issued a GBX 575 ($7.59) target price on shares of Northgate plc in a report on Thursday, October 5th. Jefferies Group LLC restated a buy rating and set a GBX 600 ($7.92) price objective on shares of Northgate plc in a report on Thursday, October 5th. Finally, Peel Hunt restated a buy rating and set a GBX 575 ($7.59) price objective on shares of Northgate plc in a report on Wednesday, October 4th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of GBX 565.50 ($7.46).
Northgate plc (LON:NTG) traded up GBX 4.29 ($0.06) on Thursday, reaching GBX 463.29 ($6.11). 244,621 shares of the company’s stock traded hands, compared to its average volume of 314,404. Northgate plc has a 12 month low of GBX 392.02 ($5.17) and a 12 month high of GBX 575.50 ($7.59).
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Northgate plc 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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