Northgate’s (NTG) “Overweight” Rating Reiterated at Barclays
Other research analysts also recently issued reports about the company. Peel Hunt reissued a buy rating on shares of Northgate in a research note on Tuesday. Jefferies Financial Group reissued a buy rating and issued a GBX 600 ($7.84) price objective on shares of Northgate in a research note on Tuesday, September 18th. Finally, Numis Securities reissued a buy rating and issued a GBX 510 ($6.66) price objective on shares of Northgate in a research note on Tuesday, September 18th. Five investment analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average target price of GBX 527.60 ($6.89).
Shares of NTG traded up GBX 3.80 ($0.05) during midday trading on Tuesday, reaching GBX 383.80 ($5.02). 97,774 shares of the stock were exchanged, compared to its average volume of 413,172. Northgate has a 12-month low of GBX 300 ($3.92) and a 12-month high of GBX 575.50 ($7.52).
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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