HSBC Upgrades National Grid to Overweight (NG)
National Grid (LON:NG) was upgraded by equities researchers at HSBC to an “overweight” rating in a research report issued on Friday, Stock Ratings Network.com reports. The firm currently has a GBX 880 ($14.50) target price on the stock. HSBC’s target price would indicate a potential upside of 12.53% from the stock’s previous close.
National Grid (LON:NG) opened at 790.425 on Friday. National Grid has a 52-week low of GBX 678.00 and a 52-week high of GBX 849.50. The stock’s 50-day moving average is GBX 781.4 and its 200-day moving average is GBX 765.1. The company’s market cap is £29.475 billion.
A number of other firms have also recently commented on NG. Analysts at JPMorgan Chase & Co. raised their price target on shares of National Grid from GBX 735 ($12.11) to GBX 805 ($13.26) in a research note to investors on Thursday, January 23rd. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of National Grid in a research note to investors on Thursday, January 16th. They now have a GBX 800 ($13.18) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of National Grid in a research note to investors on Tuesday, January 7th. They now have a GBX 780 ($12.85) price target on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. National Grid has a consensus rating of “Hold” and an average price target of GBX 789.97 ($13.02).
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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