National Grid (NG) Price Target Cut to GBX 950 by Analysts at Royal Bank Of Canada
National Grid (LON:NG) had its price objective reduced by analysts at Royal Bank Of Canada from GBX 1,050 ($14.13) to GBX 950 ($12.79) in a note issued to investors on Monday. The firm presently has a “sector performer” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 7.95% from the stock’s previous close.
NG has been the subject of several other research reports. Deutsche Bank reiterated a “sell” rating and issued a GBX 900 ($12.11) price target on shares of National Grid in a research report on Thursday, September 14th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 1,060 ($14.27) price target on shares of National Grid in a research report on Thursday, September 14th. reiterated a “buy” rating and issued a GBX 1,060 ($14.27) price target on shares of National Grid in a research report on Monday, October 9th. Credit Suisse Group reiterated an “underperform” rating and issued a GBX 860 ($11.57) price target on shares of National Grid in a research report on Thursday, November 2nd. Finally, Barclays set a GBX 990 ($13.32) price target on shares of National Grid and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 997.31 ($13.42).
Shares of National Grid (NG) opened at GBX 880 ($11.84) on Monday. National Grid has a 12-month low of GBX 859.30 ($11.57) and a 12-month high of GBX 1,097 ($14.76).
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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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