RBC Capital Reiterates “Outperform” Rating for National Grid plc (NG)
National Grid plc (LON:NG)‘s stock had its “outperform” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Friday. They currently have a GBX 925 ($15.57) price target on the stock. RBC Capital’s price objective points to a potential upside of 4.27% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs reiterated a “sell” rating on shares of National Grid plc in a research note on Friday, May 23rd. They now have a GBX 736 ($12.39) price target on the stock. Separately, analysts at Barclays raised their price target on shares of National Grid plc from GBX 875 ($14.73) to GBX 885 ($14.90) in a research note on Friday, May 16th. They now have an “overweight” rating on the stock. Finally, 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 ($11.11) price target on the stock. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. National Grid plc currently has an average rating of “Hold” and an average target price of GBX 792.86 ($13.35).
National Grid plc (LON:NG) opened at 889.5001 on Friday. National Grid plc has a 52-week low of GBX 711.00 and a 52-week high of GBX 895.50. The stock has a 50-day moving average of GBX 847.4 and a 200-day moving average of GBX 809.4. The company’s market cap is £33.169 billion.
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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