Several other research firms also recently issued reports on NTG. Berenberg Bank raised shares of Northgate to a hold rating and set a GBX 465 ($6.26) price target on the stock in a research note on Thursday, November 2nd. Numis Securities reaffirmed a buy rating and set a GBX 575 ($7.74) price target on shares of Northgate in a research note on Thursday, October 5th. Jefferies Group reaffirmed a buy rating and set a GBX 600 ($8.08) price target on shares of Northgate in a research note on Thursday, October 5th. Finally, Peel Hunt reaffirmed a buy rating and set a GBX 575 ($7.74) price target on shares of Northgate in a research note on Wednesday, October 4th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of GBX 565.50 ($7.61).
Northgate (NTG) traded down GBX 17.06 ($0.23) during trading on Tuesday, reaching GBX 395.69 ($5.33). 567,529 shares of the company traded hands, compared to its average volume of 331,605. Northgate has a 12-month low of GBX 394.20 ($5.31) and a 12-month high of GBX 575.50 ($7.75).
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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