Jefferies Group LLC Reiterates “Buy” Rating for Northgate plc (NTG)
Northgate plc (LON:NTG)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Group LLC in a report released on Thursday. They presently have a GBX 600 ($7.96) price target on the stock. Jefferies Group LLC’s price objective points to a potential upside of 33.70% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. Numis Securities Ltd restated an “add” rating and set a GBX 600 ($7.96) price target on shares of Northgate plc in a report on Tuesday, June 27th. Peel Hunt raised their price target on shares of Northgate plc from GBX 550 ($7.30) to GBX 575 ($7.63) and gave the company a “buy” rating in a report on Thursday, June 8th. Finally, N+1 Singer restated a “buy” rating and set a GBX 497 ($6.59) price target on shares of Northgate plc in a report on Tuesday, September 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 565.50 ($7.50).
Shares of Northgate plc (NTG) opened at 448.75 on Thursday. Northgate plc has a 12 month low of GBX 392.02 and a 12 month high of GBX 575.50. The company’s 50-day moving average is GBX 418.17 and its 200-day moving average is GBX 477.88. The stock’s market capitalization is GBX 594.56 million.
In related news, insider Andrew Page purchased 30,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were bought at an average cost of GBX 422 ($5.60) per share, for a total transaction of £126,600 ($167,926.78). Also, insider Claire Miles purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, July 11th. The stock was bought at an average price of GBX 428 ($5.68) per share, for a total transaction of £21,400 ($28,385.73).
About Northgate plc
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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