Credit Suisse Group Analysts Give National Grid (NG) a GBX 850 Price Target
Other research analysts have also issued research reports about the stock. Berenberg Bank lowered their price objective on shares of National Grid from GBX 1,050 ($13.72) to GBX 950 ($12.41) and set a buy rating for the company in a research note on Wednesday, October 10th. Societe Generale raised shares of National Grid to a buy rating and raised their price objective for the company from GBX 921 ($12.03) to GBX 940 ($12.28) in a research note on Tuesday, September 11th. BNP Paribas set a GBX 920 ($12.02) price objective on shares of National Grid and gave the company a buy rating in a research note on Monday, September 10th. HSBC lowered their price objective on shares of National Grid from GBX 950 ($12.41) to GBX 940 ($12.28) and set a buy rating for the company in a research note on Thursday, September 6th. Finally, Citigroup reissued a buy rating and issued a GBX 961 ($12.56) price objective on shares of National Grid in a research note on Wednesday, August 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of GBX 916.63 ($11.98).
LON NG opened at GBX 835 ($10.91) on Tuesday. National Grid has a one year low of GBX 733 ($9.58) and a one year high of GBX 1,097 ($14.33).
National Grid Company Profile
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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