Northgate plc (NTG) PT Raised to GBX 578 at N+1 Singer
Northgate plc (LON:NTG) had its target price boosted by equities research analysts at N+1 Singer from GBX 497 ($6.59) to GBX 578 ($7.67) in a research note issued on Friday. The brokerage presently has a “buy” rating on the stock. N+1 Singer’s price target points to a potential upside of 28.80% from the company’s current price.
A number of other equities analysts have also recently commented on the stock. Numis Securities Ltd reissued a “buy” rating and issued a GBX 575 ($7.63) price target on shares of Northgate plc in a research note on Thursday. Jefferies Group LLC reissued a “buy” rating and issued a GBX 600 ($7.96) price target on shares of Northgate plc in a research note on Thursday. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 575 ($7.63) price target on shares of Northgate plc in a research note on Wednesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 565.50 ($7.50).
Shares of Northgate plc (LON NTG) opened at 448.75 on Friday. Northgate plc has a 1-year low of GBX 392.02 and a 1-year high of GBX 575.50. The company’s market capitalization is GBX 594.56 million. The stock’s 50 day moving average price is GBX 418.17 and its 200 day moving average price is GBX 477.88.
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In other Northgate plc news, insider Andrew Page acquired 30,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was bought at an average price of GBX 422 ($5.60) per share, with a total value of £126,600 ($167,926.78). Also, insider Claire Miles acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, July 11th. The stock was acquired at an average cost of GBX 428 ($5.68) per share, with a total value of £21,400 ($28,385.73).
Northgate plc 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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