Barclays Reiterates “Overweight” Rating for Northgate (NTG)

Barclays reissued their overweight rating on shares of Northgate (LON:NTG) in a research report released on Wednesday morning.

Other analysts also recently issued research reports about the stock. N+1 Singer increased their target price on shares of Northgate from GBX 497 ($6.69) to GBX 578 ($7.78) and gave the company a buy rating in a report on Friday, October 6th. Numis Securities reiterated a buy rating and issued a GBX 575 ($7.74) target price on shares of Northgate in a report on Thursday, October 5th. Jefferies Group reiterated a buy rating and issued a GBX 600 ($8.08) target price on shares of Northgate in a report on Thursday, October 5th. Peel Hunt reiterated a buy rating and issued a GBX 575 ($7.74) target price on shares of Northgate in a report on Wednesday, October 4th. Finally, Berenberg Bank upgraded shares of Northgate to a hold rating and set a GBX 465 ($6.26) target price for the company in a report on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of GBX 565.50 ($7.61).

Shares of Northgate (LON:NTG) opened at GBX 394.63 ($5.31) on Wednesday. Northgate has a 1-year low of GBX 382.25 ($5.14) and a 1-year high of GBX 575.50 ($7.75).

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Northgate Company Profile

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.

Analyst Recommendations for Northgate (LON:NTG)

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