National Grid plc (NG) Stock Rating Reaffirmed by Investec
National Grid plc (LON:NG)‘s stock had its “hold” rating reiterated by Investec in a research note issued on Wednesday. They presently have a GBX 1,030 ($12.55) price objective on the stock. Investec’s price objective suggests a potential downside of 2.65% from the company’s previous close.
A number of other brokerages have also recently issued reports on NG. Deutsche Bank AG boosted their target price on National Grid plc from GBX 920 ($11.21) to GBX 1,040 ($12.68) and gave the stock a “hold” rating in a report on Monday, September 12th. Credit Suisse Group AG reiterated an “underperform” rating and set a GBX 840 ($10.24) target price on shares of National Grid plc in a report on Thursday, September 8th. Beaufort Securities reiterated a “buy” rating on shares of National Grid plc in a report on Thursday, August 25th. BNP Paribas reiterated an “underperform” rating and set a GBX 830 ($10.12) target price on shares of National Grid plc in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,200 ($14.63) target price on shares of National Grid plc in a report on Thursday, September 15th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,007.33 ($12.28).
Shares of National Grid plc (LON:NG) opened at 1060.00 on Wednesday. The company has a 50-day moving average of GBX 1,065.81 and a 200 day moving average of GBX 1,038.76. The firm’s market cap is GBX 39.72 billion. National Grid plc has a one year low of GBX 890.60 and a one year high of GBX 1,148.00.
National Grid plc Company Profile
National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.
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