Northgate (LON:NTG) Rating Reaffirmed
Stock analysts at Jefferies now has a GBX 530 target price per share on Northgate (LON:NTG). Jefferies and their recent target price per share provides a potential upside of 34.76% from the company’s current price. The rating has been announced in an analyst research report on Friday, 18 December.
From a total of 8 analysts covering Northgate PLC (LON:NTG) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN 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 600.38 with a 49.29% above today’s (GBX 393.1) stock price. Northgate PLC was the topic of 9 analyst reports since August 21, 2015 according to the firm StockzIntelligence Inc. Berenberg upgraded shares on December 18 to “Hold” rating. Peel Hunt maintained shares with “Buy” rating and GBX 675 target share price in a report from a December 1. Barclays Capital maintained NTG stock in a recent report from December 2 with “Overweight” rating. Jefferies upgraded the rating on October 26. Jefferies has a “Buy” rating and a GBX 530 price target on shares. Finally, Canaccord Genuity maintained the stock with “Hold” rating in a report issued on a December 1.
Approximately 195,918 shares of stock traded hands. Northgate plc (LON:NTG) has declined 37.81% since May 21, 2015 and is downtrending. It has underperformed by 34.00% the S&P500.
The overall sentiment of institutions has increased to 1.09 in Q2 2015. Its up 0.12, from 0.97 in 2015Q2. The ratio is positive, as 12 institutions have sold all the shares of Northgate plc that they owned while 21 funds have taken shares off the table. 10 funds have purchased shares for the first time while 26 added to their positions. These institutions now hold 10.06 million shares or 6.42% more than the 9.45 million shares they owned in 2015Q2.
The Fund Fiduciary Trust Co currently is holding shares equating to 1.56% of its total portfolio in Northgate plc representing a total of 1.89 million shares. Another fund,Arete Wealth Advisors Llc, is holding a total of 87,305 shares equating to 1.25% of their holdings. Additionally, Hhg & Company Llc has a 223,429 share stake in Northgate plc which represents 1.24% of their total portfolio. The Fund, Oxbow Advisors Llc, based out of Texas, has also built up a stake in the stock, which represents a total of 1.02% of their total portfolio. Finally Bard Associates Inc, a fund which is based in the state of Illinois reported a total holdings of 88,387 shares.
Northgate plc is a United Kingdom-based investment holding company. The company has a market cap of 517.32 million GBP. The Firm is engaged in the light commercial vehicle hire business in the United Kingdom, Ireland and Spain. It has 8.4 P/E ratio. It operates through two divisions: the UK division, which includes activities in the Republic of Ireland, and Spain division.