Northgate (NTG) Earns Buy Rating from Peel Hunt

Northgate (LON:NTG)‘s stock had its “buy” rating reaffirmed by equities researchers at Peel Hunt in a research report issued to clients and investors on Thursday, March 22nd. They currently have a GBX 500 ($7.16) price objective on the stock. Peel Hunt’s price objective would indicate a potential upside of 35.28% from the stock’s current price.

NTG has been the subject of a number of other reports. Barclays restated an “overweight” rating on shares of Northgate in a report on Wednesday, December 6th. Numis Securities reaffirmed an “under review” rating on shares of Northgate in a research report on Thursday, February 22nd. Jefferies Group reaffirmed a “buy” rating and set a GBX 600 ($8.59) price objective on shares of Northgate in a research report on Wednesday, December 13th. Finally, N+1 Singer reaffirmed a “buy” rating and set a GBX 578 ($8.28) price objective on shares of Northgate in a research report on Tuesday, December 5th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of GBX 518.60 ($7.43).

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NTG stock traded up GBX 4.60 ($0.07) during mid-day trading on Thursday, reaching GBX 369.60 ($5.29). 212,571 shares of the stock traded hands, compared to its average volume of 413,172. Northgate has a 52 week low of GBX 300 ($4.30) and a 52 week high of GBX 575.50 ($8.24).

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About Northgate

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.

Analyst Recommendations for Northgate (LON:NTG)

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