Northgate plc (NTG) Receives “Buy” Rating from Numis Securities Ltd

Numis Securities Ltd reaffirmed their buy rating on shares of Northgate plc (LON:NTG) in a report issued on Thursday morning. They currently have a GBX 575 ($7.63) price target on the stock.

A number of other analysts have also recently issued reports on NTG. Peel Hunt raised their price objective on Northgate plc from GBX 550 ($7.30) to GBX 575 ($7.63) and gave the company a buy rating in a research report on Thursday, June 8th. N+1 Singer reaffirmed a buy rating and issued a GBX 638 ($8.46) price objective on shares of Northgate plc in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a GBX 600 ($7.96) price objective on shares of Northgate plc in a research report on Wednesday, July 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Northgate plc presently has an average rating of Buy and a consensus target price of GBX 565.50 ($7.50).

Northgate plc (NTG) opened at 449.00 on Thursday. The stock’s 50 day moving average price is GBX 418.17 and its 200-day moving average price is GBX 477.88. Northgate plc has a one year low of GBX 392.02 and a one year high of GBX 575.50. The firm’s market capitalization is GBX 594.89 million.

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In other news, insider Andrew Page purchased 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was acquired at an average cost of GBX 422 ($5.60) per share, with a total value of £126,600 ($167,926.78). Also, insider Claire Miles purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The shares were purchased at an average cost of GBX 428 ($5.68) per share, with a total value of £21,400 ($28,385.73).

Northgate plc Company Profile

Northgate plc is an investment holding company.

A number of other analysts have also recently issued reports on NTG. Peel Hunt raised their price objective on Northgate plc from GBX 550 ($7.30) to GBX 575 ($7.63) and gave the company a buy rating in a research report on Thursday, June 8th. N+1 Singer reaffirmed a buy rating and issued a GBX 638 ($8.46) price objective on shares of Northgate plc in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a GBX 600 ($7.96) price objective on shares of Northgate plc in a research report on Wednesday, July 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Northgate plc presently has an average rating of Buy and a consensus target price of GBX 565.50 ($7.50).

Northgate plc (NTG) opened at 449.00 on Thursday. The stock’s 50 day moving average price is GBX 418.17 and its 200-day moving average price is GBX 477.88. Northgate plc has a one year low of GBX 392.02 and a one year high of GBX 575.50. The firm’s market capitalization is GBX 594.89 million.

COPYRIGHT VIOLATION WARNING: This article was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/09/northgate-plc-ntg-receives-buy-rating-from-numis-securities-ltd.html.

In other news, insider Andrew Page purchased 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was acquired at an average cost of GBX 422 ($5.60) per share, with a total value of £126,600 ($167,926.78). Also, insider Claire Miles purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The shares were purchased at an average cost of GBX 428 ($5.68) per share, with a total value of £21,400 ($28,385.73).

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.

Analyst Recommendations for Northgate plc (LON:NTG)

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