Numis Securities Reaffirms “Buy” Rating for Northgate (LON:NTG)

Northgate (LON:NTG)‘s stock had its “buy” rating reaffirmed by investment analysts at Numis Securities in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

Several other research firms have also weighed in on NTG. Peel Hunt restated a “buy” rating on shares of Northgate in a report on Tuesday, March 12th. Berenberg Bank restated a “hold” rating and set a GBX 395 ($5.16) target price on shares of Northgate in a report on Wednesday, March 6th. Finally, Barclays cut their target price on Northgate from GBX 450 ($5.88) to GBX 410 ($5.36) and set an “overweight” rating on the stock in a report on Wednesday, May 15th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Northgate currently has an average rating of “Buy” and a consensus price target of GBX 473 ($6.18).

LON NTG opened at GBX 320 ($4.18) on Friday. Northgate has a fifty-two week low of GBX 304.50 ($3.98) and a fifty-two week high of GBX 449.80 ($5.88). The company has a debt-to-equity ratio of 96.34, a quick ratio of 0.84 and a current ratio of 1.00. The stock has a market cap of $420.96 million and a price-to-earnings ratio of 10.29.

In other Northgate news, insider John Pattullo acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were acquired at an average cost of GBX 371 ($4.85) per share, for a total transaction of £37,100 ($48,477.72).

Northgate Company Profile

Northgate plc provides light commercial vehicle hire services in the United Kingdom, Spain, and the Republic of Ireland. It also sells used vehicles; supplies other related goods and services; and offers fleet management services. The company operates a fleet of 52,900 vehicles in the United Kingdom; and a fleet of 48,000 vehicles in Spain.

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Analyst Recommendations for Northgate (LON:NTG)

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