Today Numis Keeps a Buy Rating on Northgate PLC (LON:NTG) and a GBX 560.00 Target Price


Northgate PLC (LON:NTG) Rating Reaffirmed

The brokerage has just set a target price of GBX 560.00 on Northgate PLC (LON:NTG) shares. This is 39.56% from the previous close. In a recent report disseminated on Thursday, 3 December, Numis reaffirmed their Buy rating on shares of NTG.

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 455. The mean of all analyst targets is GBX 610.38 with a 50.48% above today’s (GBX 402.8) stock price. Northgate PLC was the topic of 7 analyst reports since August 21, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 2 with “Overweight” rating. Berenberg downgraded shares to “Sell” rating and GBX 455 target share price in a report from an August 21. Canaccord Genuity maintained NTG stock in a recent report from December 1 with “Hold” rating. Numis Securities maintained the rating on August 17. Numis Securities has a “Hold” rating and a GBX 640 price target on shares. Finally, Jefferies upgraded the stock to “Buy” rating in a report issued on an October 26.

Approximately 8,002 shares of stock traded hands. Northgate plc (LON:NTG) has declined 36.13% since May 6, 2015 and is downtrending. It has underperformed by 35.84% the S&P500.

Today Numis Keeps a Buy Rating on Northgate PLC (LON:NTG) and a GBX 560.00 Target Price

Northgate plc is a United Kingdom-based investment holding company. The company has a market cap of 536.66 million GBP. The Firm is engaged in the light commercial vehicle hire business in the United Kingdom, Ireland and Spain. It has 8.6 P/E ratio. It operates through two divisions: the UK division, which includes activities in the Republic of Ireland, and Spain division.