National Grid Receives “Outperform” Rating from Credit Suisse (NG)
National Grid (LON:NG)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse in a report released on Friday, Stock Ratings Network reports.
National Grid (LON:NG) traded up 1.20% during mid-day trading on Friday, hitting GBX 760.50. 6,907,687 shares of the company’s stock traded hands. National Grid has a 1-year low of GBX 678.00 and a 1-year high of GBX 849.50. The stock’s 50-day moving average is GBX 744.5 and its 200-day moving average is GBX 768.8. The company’s market cap is £27.877 billion.
A number of other analysts have also recently weighed in on NG. Analysts at AlphaValue reiterated an “add” rating on shares of National Grid in a research note to investors on Thursday. They now have a GBX 810 ($12.93) price target on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of National Grid in a research note to investors on Tuesday. They now have a GBX 860 ($13.73) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of National Grid in a research note to investors on Monday, October 7th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 786.47 ($12.56).
National Grid Plc is an international electricity and gas company. The Company’s segments include UK Transmission, UK Gas Distribution, US Regulated and Other activities.
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