Northgate (LON:NTG) Rating Reaffirmed
Peel Hunt Limited now has a GBX 650.00 TP on the 523.05 million GBP market cap company or 61.21% upside potential. In an analyst note revealed to investors and clients on Tuesday morning, Northgate (LON:NTG) shares have had their “Buy” Rating reconfirmed by analysts at Peel Hunt Limited.
From a total of 8 analysts covering Northgate PLC (LON:NTG) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is GBX 710 while the lowest target price is GBX 530. The mean of all analyst targets is GBX 637.88 with a 46.12% above today’s (GBX 402.98) stock price. Northgate PLC was the topic of 6 analyst reports since August 21, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus maintained shares on December 1 with “Buy” rating. Berenberg downgraded shares to “Sell” rating and GBX 455 target share price in a report from an August 21. Peel Hunt maintained NTG stock in a recent report from December 1 with “Buy” rating. Finally, Numis Securities maintained the stock with “Hold” rating in a report issued on an August 17.
The stock increased 0.97% or GBX 3.88 on December 1, striking GBX 402.98. Approximately 860,694 shares of stock traded hands or 256.85% up from the average. Northgate plc (LON:NTG) has declined 38.41% since May 4, 2015 and is downtrending. It has underperformed by 36.79% the S&P500.
Northgate plc is a United Kingdom-based investment holding company. The company has a market cap of 523.05 million GBP. The Firm is engaged in the light commercial vehicle hire business in the United Kingdom, Ireland and Spain. It has 8.2 P/E ratio. It operates through two divisions: the UK division, which includes activities in the Republic of Ireland, and Spain division.