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Northgate PLC (LON:NTG) target price held steady at 465.00GBX, issued a report today by Berenberg

Northgate PLC (LON:NTG) had its target price hold steady to 465.00GBX by Berenberg in a report released Thursday February 09, 2017. The new target price indicates a possible downside of -0.13% based on the company's last closing price.

Previously on 02/03/2017, Barclays Capital reported on Northgate PLC (LON:NTG) raised the target price from 430.00GBX to 600.00GBX. At the time, this indicated a possible upside of 0%.

Yesterday Northgate PLC (LON:NTG) traded 0.84% higher at 537.00GBX. The company’s 50-day moving average is 512.70GBX and its 200-day moving average is 445.60GBX. The last closing price is up 21.07% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time. 147,610 shares of the stock were exchanged, down from an average trading volume of 210,505

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Northgate PLC (LON:NTG)

Northgate PLC has a 52 week low of 305.00GBX and a 52 week high of 548.00GBX with a P/E ratio of 11.83 The company’s market cap is currently 0 GBX.

In addition to Berenberg reporting its target price, a total of 8 brokers have issued a report on the stock. The consensus target price is 481.63GBX with 5 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Northgate PLC (LON:NTG)

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. In Spain, the Company has approximately 20 locations and a fleet of over 40,000 vehicles. The Company's fleet includes medium vans, small vans, large commercial vehicles, cars, buses and other vehicles. The Company serves customers from a range of industries, including construction, transport, commerce and support services. The Company also serves sectors, such as local authorities, manufacturing and engineering, public utilities, retailers and wholesalers. The Company's subsidiaries include Northgate (Europe) Limited, Northgate Vehicle Hire Limited and Northgate (AVR) Limited.

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