National Grid plc (NG) Price Target Lowered to GBX 1,060 at HSBC
National Grid plc (LON:NG) had its price objective lowered by stock analysts at HSBC from GBX 1,185 ($14.81) to GBX 1,060 ($13.24) in a research note issued on Monday. The brokerage presently has a “buy” rating on the stock. HSBC’s price target would indicate a potential upside of 14.11% from the company’s current price.
NG has been the topic of several other reports. 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 reaffirmed an “underperform” rating and set a GBX 840 ($10.49) price objective on shares of National Grid plc in a report on Friday, August 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,200 ($14.99) price objective on shares of National Grid plc in a report on Thursday, September 15th. BNP Paribas reaffirmed an “underperform” rating and set a GBX 830 ($10.37) price objective on shares of National Grid plc in a report on Tuesday, October 4th. Finally, Investec reaffirmed a “hold” rating and set a GBX 1,030 ($12.87) price objective on shares of National Grid plc in a report on Wednesday, October 19th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,011.85 ($12.64).
National Grid plc (LON:NG) opened at 933.988 on Monday. National Grid plc has a 12 month low of GBX 892.93 and a 12 month high of GBX 1,148.00. The stock’s 50 day moving average price is GBX 1,030.39 and its 200 day moving average price is GBX 1,042.15. The firm’s market capitalization is GBX 35.15 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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