National Grid plc (NG) Upgraded to “Neutral” by BNP Paribas
National Grid plc (LON:NG) was upgraded by investment analysts at BNP Paribas to a “neutral” rating in a report released on Tuesday. The brokerage currently has a GBX 1,000 ($12.35) price objective on the stock, up from their prior price objective of GBX 830 ($10.25). BNP Paribas’ target price indicates a potential upside of 0.95% from the stock’s previous close.
NG has been the subject of a number of other reports. Investec upgraded National Grid plc to a “buy” rating and set a GBX 1,030 ($12.72) price target for the company in a report on Friday, January 13th. HSBC Holdings plc cut their price target on National Grid plc from GBX 1,070 ($13.21) to GBX 1,060 ($13.09) and set a “buy” rating for the company in a report on Wednesday, January 25th. Credit Suisse Group AG reiterated an “underperform” rating and set a GBX 850 ($10.50) price target on shares of National Grid plc in a report on Monday, February 6th. Berenberg Bank reiterated a “hold” rating on shares of National Grid plc in a report on Tuesday, December 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a GBX 1,050 ($12.97) price target on shares of National Grid plc in a report on Monday, January 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. National Grid plc currently has an average rating of “Hold” and a consensus target price of GBX 1,002.50 ($12.38).
National Grid plc (LON:NG) opened at 991.54 on Tuesday. National Grid plc has a 52 week low of GBX 888.90 and a 52 week high of GBX 1,148.00. The company’s market capitalization is GBX 37.31 billion. The stock’s 50 day moving average price is GBX 963.18 and its 200-day moving average price is GBX 984.61.
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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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