National Grid plc Rating Reiterated by Berenberg Bank (NG)
National Grid plc (LON:NG)‘s stock had its “hold” rating restated by research analysts at Berenberg Bank in a report released on Wednesday. They currently have a GBX 785 ($13.16) price target on the stock. Berenberg Bank’s target price would indicate a potential downside of 5.48% from the stock’s previous close.
A number of other analysts have also recently weighed in on NG. Analysts at BNP Paribas reiterated a “neutral” rating on shares of National Grid plc in a research note on Tuesday. They now have a GBX 850 ($14.25) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of National Grid plc in a research note on Tuesday. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of National Grid plc in a research note on Friday, May 30th. They now have a GBX 925 ($15.51) price target on the stock. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 797.31 ($13.37).
Shares of National Grid plc (LON:NG) traded down 2.28% during mid-day trading on Wednesday, hitting GBX 830.54. 16,331,012 shares of the company’s stock traded hands. National Grid plc has a 1-year low of GBX 711.00 and a 1-year high of GBX 897.918. The stock has a 50-day moving average of GBX 853.8 and a 200-day moving average of GBX 812.2. The company’s market cap is £30.971 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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