Northgate plc (LON:NTG)‘s stock had its “buy” rating reiterated by N+1 Singer in a research report issued to clients and investors on Tuesday. They currently have a GBX 497 ($6.70) price objective on the stock. N+1 Singer’s target price indicates a potential upside of 17.08% from the stock’s previous close.
NTG has been the topic of a number of other research reports. Peel Hunt lifted their target price on shares of Northgate plc from GBX 550 ($7.42) to GBX 575 ($7.75) and gave the stock a “buy” rating in a research report on Thursday, June 8th. Numis Securities Ltd reiterated an “add” rating and issued a GBX 600 ($8.09) target price on shares of Northgate plc in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a GBX 600 ($8.09) target price on shares of Northgate plc in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 552 ($7.44).
Shares of Northgate plc (NTG) opened at 423.25 on Tuesday. The company’s market cap is GBX 560.77 million. The firm’s 50-day moving average is GBX 419.38 and its 200-day moving average is GBX 487.87. Northgate plc has a 12 month low of GBX 392.02 and a 12 month high of GBX 575.50.
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In other news, insider Andrew Page purchased 30,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were acquired at an average price of GBX 422 ($5.69) per share, with a total value of £126,600 ($170,688.96). Also, insider Claire Miles purchased 5,000 shares of the business’s stock in a transaction on Tuesday, July 11th. The stock was purchased at an average cost of GBX 428 ($5.77) per share, for a total transaction of £21,400 ($28,852.64).
About Northgate plc
Northgate plc is an investment holding company. The Company is engaged in the light commercial vehicle hire business in the United Kingdom, Ireland and Spain. The Company’s segments include UK, Spain and Corporate. The Company has a national network of approximately 80 branches across the United Kingdom and Ireland with a total fleet size of over 53,000 vehicles.
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