National Grid plc (NG) Given “Hold” Rating at Deutsche Bank AG
National Grid plc (LON:NG)‘s stock had its “hold” rating reaffirmed by Deutsche Bank AG in a research note issued on Friday.
Several other research analysts have also recently commented on NG. Berenberg Bank restated a “hold” rating and set a GBX 970 ($12.02) target price on shares of National Grid plc in a report on Wednesday, July 20th. HSBC set a GBX 1,185 ($14.68) target price on shares of National Grid plc and gave the stock a “buy” rating in a report on Friday, July 22nd. JPMorgan Chase & Co. increased their target price on shares of National Grid plc from GBX 1,050 ($13.01) to GBX 1,150 ($14.25) and gave the stock an “overweight” rating in a report on Friday, July 22nd. Credit Suisse Group AG increased their target price on shares of National Grid plc from GBX 820 ($10.16) to GBX 840 ($10.41) and gave the stock an “underperform” rating in a report on Wednesday, July 27th. Finally, BNP Paribas reiterated an “underperform” rating and issued a GBX 830 ($10.28) price target on shares of National Grid plc in a research note on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 1,019.92 ($12.63).
National Grid plc (LON:NG) opened at 943.90 on Friday. The company’s market cap is GBX 35.37 billion. National Grid plc has a 12-month low of GBX 892.92 and a 12-month high of GBX 1,148.00. The stock’s 50 day moving average is GBX 1,056.17 and its 200 day moving average is GBX 1,043.84.
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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