National Grid plc PT Raised to GBX 925 (NG)
RBC Capital hoisted their target price on shares of National Grid plc (LON:NG) from GBX 900 ($15.14) to GBX 925 ($15.56) in a research note issued on Tuesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective points to a potential upside of 4.64% from the stock’s previous close.
National Grid plc (LON:NG) traded down 0.62% on Tuesday, hitting GBX 883.96. The stock had a trading volume of 14,979,798 shares. National Grid plc has a 1-year low of GBX 711.00 and a 1-year high of GBX 894.00. The stock has a 50-day moving average of GBX 835.3 and a 200-day moving average of GBX 804.. The company’s market cap is £32.963 billion.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of National Grid plc from GBX 875 ($14.72) to GBX 885 ($14.89) in a research note on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of National Grid plc in a research note on Thursday, May 15th. They now have a GBX 660 ($11.10) price target on the stock. Finally, analysts at Whitman Howard reiterated a “sell” rating on shares of National Grid plc in a research note on Wednesday, May 14th. They now have a GBX 734 ($12.35) price target on the stock. Five analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 789.93 ($13.29).
National Grid Plc is an electricity and gas utility company. The Company operates in three segments: UK Transmission, UK Gas Distribution and US Regulated.
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