Northgate Plc Expected to Post FY2018 Earnings of $0.56 Per Share (NGTEF)

Northgate Plc (OTCMKTS:NGTEF) – Investment analysts at Jefferies Group issued their FY2018 EPS estimates for shares of Northgate in a report issued on Tuesday. Jefferies Group analyst J. Spooner anticipates that the company will earn $0.56 per share for the year. Jefferies Group also issued estimates for Northgate’s FY2019 earnings at $0.63 EPS and FY2020 earnings at $0.71 EPS.

Other equities research analysts have also issued reports about the stock. Numis Securities upgraded shares of Northgate from an “add” rating to a “buy” rating in a research note on Tuesday, September 19th. Berenberg Bank upgraded shares of Northgate from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research lowered shares of Northgate from a “hold” rating to a “sell” rating in a research note on Saturday.

Shares of Northgate (NGTEF) remained flat at $$5.71 on Friday. Northgate has a 1-year low of $5.71 and a 1-year high of $6.30.

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About Northgate

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 53,000 vehicles from 77 locations in the United Kingdom; and a fleet of 40,000 vehicles from 24 locations in Spain.

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