Goldman Sachs Group Inc. Initiates Coverage on National Grid plc (NG)
Analysts at Goldman Sachs Group Inc. initiated coverage on shares of National Grid plc (LON:NG) in a research note issued on Tuesday. The firm set a “sell” rating and a GBX 854 ($10.59) price target on the stock. Goldman Sachs Group Inc.’s target price points to a potential downside of 7.70% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. Beaufort Securities reaffirmed a “buy” rating on shares of National Grid plc in a research note on Friday, August 19th. HSBC reaffirmed a “buy” rating and set a GBX 1,185 ($14.70) target price on shares of National Grid plc in a research note on Tuesday, August 2nd. Jefferies Group reaffirmed a “hold” rating on shares of National Grid plc in a research note on Thursday, September 22nd. Deutsche Bank AG upped their target price on shares of National Grid plc from GBX 920 ($11.41) to GBX 1,040 ($12.90) and gave the stock a “hold” rating in a research note on Monday, September 12th. Finally, Investec reaffirmed a “hold” rating and set a GBX 1,030 ($12.78) target price on shares of National Grid plc in a research note on Wednesday, October 19th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. National Grid plc has a consensus rating of “Hold” and a consensus target price of GBX 1,004.46 ($12.46).
National Grid plc (LON:NG) opened at 925.70 on Tuesday. The firm has a 50 day moving average of GBX 1,005.36 and a 200-day moving average of GBX 1,039.77. 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 market cap is GBX 34.83 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.
Receive News & Stock Ratings for National Grid plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid plc and related stocks with our FREE daily email newsletter.