Northgate (NGTEF) Cut to “Sell” at Zacks Investment Research
Northgate (OTCMKTS:NGTEF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Saturday.
According to Zacks, “Northgate plc is engaged in the commercial vehicle hire business. It operates primarily in the UK, Ireland and Spain. The company serves corporate, small and medium sized and micro businesses. Northgate plc is headquartered in Darlington, the United Kingdom. “
Other analysts have also recently issued research reports about the stock. Numis Securities upgraded shares of Northgate from an “add” rating to a “buy” rating in a research note on Tuesday, September 19th. Berenberg Bank upgraded shares of Northgate from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd.
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.
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