HSBC Reiterates Buy Rating for National Grid plc (NG)
National Grid plc (LON:NG)‘s stock had its “buy” rating reiterated by research analysts at HSBC in a report issued on Monday. They currently have a GBX 1,185 ($14.81) price target on the stock. HSBC’s target price suggests a potential upside of 27.36% from the stock’s previous close.
Other analysts have also issued research reports about the stock. Barclays PLC restated an “overweight” rating and set a GBX 1,175 ($14.68) price target on shares of National Grid plc in a research note on Tuesday, October 4th. Credit Suisse Group AG restated an “underperform” rating and set a GBX 840 ($10.49) price target on shares of National Grid plc in a research note on Friday, August 26th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,200 ($14.99) price target on shares of National Grid plc in a research note on Thursday, September 15th. BNP Paribas restated an “underperform” rating and set a GBX 830 ($10.37) price target on shares of National Grid plc in a research note on Tuesday, October 4th. Finally, Investec restated a “hold” rating and set a GBX 1,030 ($12.87) price target on shares of National Grid plc in a research note on Wednesday, October 19th. 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 company’s stock. National Grid plc currently has an average rating of “Hold” and an average price target of GBX 1,021.46 ($12.76).
Shares of National Grid plc (LON:NG) opened at 930.40 on Monday. The stock’s 50 day moving average is GBX 1,045.38 and its 200-day moving average is GBX 1,043.57. 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 cap is GBX 35.01 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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