Northgate (NTG) Earns “Buy” Rating from Peel Hunt
Several other equities research analysts also recently commented on NTG. Berenberg Bank restated a hold rating and set a GBX 395 ($5.16) price objective on shares of Northgate in a report on Wednesday, March 6th. Barclays restated an overweight rating and set a GBX 450 ($5.88) price objective on shares of Northgate in a report on Tuesday, December 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of GBX 491 ($6.42).
LON NTG opened at GBX 381 ($4.98) on Tuesday. The company has a market cap of $497.26 million and a PE ratio of 12.25. Northgate has a 52 week low of GBX 306.40 ($4.00) and a 52 week high of GBX 449.80 ($5.88). The company has a quick ratio of 0.84, a current ratio of 1.00 and a debt-to-equity ratio of 96.34.
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 52,900 vehicles in the United Kingdom; and a fleet of 48,000 vehicles in Spain.
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