National Grid plc (NG) Stock Rating Reaffirmed by Credit Suisse Group AG
National Grid plc (LON:NG)‘s stock had its “underperform” rating reaffirmed by stock analysts at Credit Suisse Group AG in a research report issued on Friday. They presently have a GBX 860 ($10.74) price objective on the stock. Credit Suisse Group AG’s target price suggests a potential downside of 7.23% from the stock’s current price.
Several other brokerages also recently commented on NG. Barclays PLC reaffirmed an “overweight” rating and set a GBX 1,175 ($14.68) target price on shares of National Grid plc in a report on Friday, September 23rd. HSBC reaffirmed a “buy” rating and set a GBX 1,185 ($14.81) target price on shares of National Grid plc in a report on Tuesday, August 2nd. Beaufort Securities reaffirmed a “buy” rating on shares of National Grid plc in a report on Friday, August 19th. Citigroup Inc. reaffirmed a “neutral” rating on shares of National Grid plc in a report on Wednesday, August 3rd. Finally, Royal Bank Of Canada downgraded National Grid plc to a “sector performer” rating and upped 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. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,021.46 ($12.76).
National Grid plc (LON:NG) opened at 943.50 on Friday. National Grid plc has a 1-year low of GBX 892.92 and a 1-year high of GBX 1,148.00. The firm’s market capitalization is GBX 35.50 billion. The stock has a 50 day moving average price of GBX 1,048.57 and a 200 day moving average price of GBX 1,043.88.
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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