Brokerages Set Northgate (NTG) Price Target at $518.60

Shares of Northgate (LON:NTG) have been given an average rating of “Buy” by the six brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 518.60 ($7.33).

A number of research analysts recently issued reports on NTG shares. Peel Hunt reissued a “buy” rating and issued a GBX 575 ($8.13) price objective on shares of Northgate in a research note on Tuesday, January 23rd. Jefferies Group reissued a “buy” rating and issued a GBX 600 ($8.48) price objective on shares of Northgate in a research note on Wednesday, December 13th. Finally, Numis Securities reissued a “buy” rating and issued a GBX 450 ($6.36) price objective on shares of Northgate in a research note on Thursday, March 22nd.

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LON:NTG traded down GBX 4 ($0.06) during mid-day trading on Thursday, reaching GBX 340.20 ($4.81). The stock had a trading volume of 137,541 shares, compared to its average volume of 413,172. Northgate has a 12 month low of GBX 300 ($4.24) and a 12 month high of GBX 575.50 ($8.13).

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Northgate Company Profile

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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