National Grid plc (LON:NG) was upgraded by equities research 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 target on the stock, up from their prior price target of GBX 830 ($10.25). BNP Paribas’ price target indicates a potential upside of 0.95% from the stock’s current price.
NG has been the topic of a number of other reports. Credit Suisse Group AG restated an “underperform” rating and set a GBX 850 ($10.50) price target on shares of National Grid plc in a research report on Monday, February 6th. Investec raised shares of National Grid plc to a “buy” rating and set a GBX 1,030 ($12.72) target price on the stock in a research note on Friday, January 13th. Berenberg Bank raised shares of National Grid plc to a “buy” rating and lifted their target price for the stock from GBX 970 ($11.98) to GBX 1,050 ($12.97) in a research note on Friday, January 20th. Goldman Sachs Group Inc started coverage on shares of National Grid plc in a research note on Tuesday, November 29th. They set a “sell” rating and a GBX 854 ($10.55) target price on the stock. Finally, HSBC Holdings plc reduced their target price on shares of National Grid plc from GBX 1,185 ($14.64) to GBX 1,060 ($13.09) and set a “buy” rating on the stock in a research note on Monday, November 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. National Grid plc has an average rating of “Hold” and an average price target of GBX 1,002.50 ($12.38).
National Grid plc (LON:NG) opened at 991.54 on Tuesday. The firm’s market capitalization is GBX 37.31 billion. National Grid plc has a 52 week low of GBX 888.90 and a 52 week high of GBX 1,148.00. The company has a 50 day moving average price of GBX 963.18 and a 200-day moving average price of 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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