National Grid plc Stock Rating Reaffirmed by Sanford C. Bernstein (NG)
National Grid plc (LON:NG)‘s stock had its “outperform” rating restated by investment analysts at Sanford C. Bernstein in a note issued to investors on Wednesday. They currently have a GBX 960 ($16.30) price target on the stock. Sanford C. Bernstein’s price target indicates a potential upside of 14.42% from the company’s current price.
Shares of National Grid plc (LON:NG) opened at 839.9999 on Wednesday. National Grid plc has a 52-week low of GBX 711.00 and a 52-week high of GBX 897.918. The stock has a 50-day moving average of GBX 856. and a 200-day moving average of GBX 816.1. The company’s market cap is £31.335 billion.
NG has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of National Grid plc in a research note on Friday, June 13th. They now have a GBX 820 ($13.92) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of National Grid plc from GBX 660 ($11.20) to GBX 725 ($12.31) in a research note on Friday, June 13th. They now have a “sell” rating on the stock. Finally, analysts at Berenberg Bank reiterated a “hold” rating on shares of National Grid plc in a research note on Wednesday, June 4th. They now have a GBX 785 ($13.33) price target on the stock. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 813.57 ($13.81).
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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