National Grid (LON:NG) Receives “Buy” Rating from Credit Suisse Group
Credit Suisse Group reiterated their buy rating on shares of National Grid (LON:NG) in a research note released on Friday, Borsen Zeitung reports. They currently have a GBX 970 ($12.67) price target on the stock.
Several other brokerages have also recently weighed in on NG. Deutsche Bank upgraded National Grid to a buy rating and lifted their price target for the company from GBX 890 ($11.63) to GBX 930 ($12.15) in a research report on Tuesday, October 8th. UBS Group set a GBX 840 ($10.98) price target on National Grid and gave the company a neutral rating in a research report on Thursday, November 14th. Goldman Sachs Group lifted their price target on National Grid from GBX 892 ($11.66) to GBX 927 ($12.11) and gave the company a neutral rating in a research report on Thursday, November 14th. Morgan Stanley reiterated an overweight rating on shares of National Grid in a research report on Monday, November 11th. Finally, Royal Bank of Canada set a GBX 1,000 ($13.07) price target on National Grid and gave the company a buy rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of GBX 934.77 ($12.21).
Shares of LON NG traded down GBX 8.50 ($0.11) during mid-day trading on Friday, hitting GBX 898.30 ($11.74). The company had a trading volume of 3,212,831 shares, compared to its average volume of 10,850,000. The company has a market capitalization of $31.27 billion and a price-to-earnings ratio of 20.19. National Grid has a 1 year low of GBX 8.90 ($0.12) and a 1 year high of GBX 926.70 ($12.11). The company has a current ratio of 0.87, a quick ratio of 0.58 and a debt-to-equity ratio of 153.93. The stock’s 50-day moving average price is GBX 892.27 and its 200-day moving average price is GBX 852.
About National Grid
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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