Northgate PLC (LON:NTG) Rating Reaffirmed
Peel Hunt now has a GBX 675.00 target PPS on the 537.59 million GBP market cap company or 67.50% upside potential. In a comprehensive report shared with investors and clients on Wednesday, 2 December, Northgate PLC (LON:NTG) shares have had their “Buy” Rating kept steady by equity research analysts at Peel Hunt.
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 50.41% above today’s (GBX 402.98) 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.
The stock decreased 0.13% or GBX 0.52 on December 1, striking GBX 402.98. Approximately shares of stock traded hands. Northgate plc (LON:NTG) has declined 37.00% since May 5, 2015 and is downtrending. It has underperformed by 36.80% the S&P500.
Northgate plc is a United Kingdom-based investment holding company. The company has a market cap of 537.59 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.