Several other analysts have also recently issued reports on the stock. Numis Securities reaffirmed a buy rating and set a GBX 575 ($7.74) price objective on shares of Northgate in a research note on Tuesday. Berenberg Bank raised shares of Northgate to a hold rating and set a GBX 465 ($6.26) price target for the company in a research note on Thursday, November 2nd. Jefferies Group reissued a buy rating and issued a GBX 600 ($8.08) price target on shares of Northgate in a research note on Thursday, October 5th. Finally, Peel Hunt reissued a buy rating and issued 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 given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 565.50 ($7.61).
Shares of Northgate (LON:NTG) opened at GBX 394.25 ($5.31) on Tuesday. Northgate has a one year low of GBX 382.25 ($5.14) and a one year high of GBX 575.50 ($7.75).
Northgate 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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