BNP Paribas Reiterates “Underperform” Rating for National Grid plc (NG)
National Grid plc (LON:NG)‘s stock had its “underperform” rating reaffirmed by analysts at BNP Paribas in a research note issued to investors on Friday. They currently have a GBX 830 ($10.37) price objective on the stock. BNP Paribas’ price target indicates a potential downside of 10.46% from the stock’s previous close.
A number of other analysts have also issued reports on the company. Royal Bank Of Canada lowered National Grid plc to a “sector performer” rating and raised their target price for the company from GBX 1,000 ($12.49) to GBX 1,080 ($13.49) in a report on Friday, July 29th. HSBC reaffirmed a “buy” rating and issued a GBX 1,185 ($14.81) target price on shares of National Grid plc in a report on Tuesday, August 2nd. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 840 ($10.49) price objective on shares of National Grid plc in a research report on Tuesday, October 25th. Barclays PLC reiterated an “overweight” rating on shares of National Grid plc in a research report on Friday, August 19th. Finally, JPMorgan Chase & Co. raised their price objective on National Grid plc from GBX 1,150 ($14.37) to GBX 1,200 ($14.99) and gave the stock an “overweight” rating in a research report on Friday, September 9th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 1,021.46 ($12.76).
National Grid plc (LON:NG) opened at 943.00 on Friday. The company’s 50-day moving average price is GBX 1,048.57 and its 200-day moving average price is GBX 1,043.88. National Grid plc has a 52 week low of GBX 892.92 and a 52 week high of GBX 1,148.00. The company’s market capitalization is GBX 35.49 billion.
About National Grid plc
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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