National Grid plc Price Target Raised to GBX 780 at Goldman Sachs (NG)
Equities researchers at Goldman Sachs upped their price target on shares of National Grid plc (LON:NG) from GBX 736 ($12.53) to GBX 780 ($13.27) in a research report issued on Tuesday. The firm currently has a “sell” rating on the stock. Goldman Sachs’ target price points to a potential downside of 7.53% from the company’s current price.
National Grid plc (LON:NG) traded down 0.12% on Tuesday, hitting GBX 843.5001. 5,398,006 shares of the company’s stock traded hands. National Grid plc has a 52 week low of GBX 717.50 and a 52 week high of GBX 897.918. The stock’s 50-day moving average is GBX 857.8 and its 200-day moving average is GBX 819.0. The company’s market cap is £31.465 billion.
A number of other analysts have also recently weighed in on NG. Analysts at Credit Suisse reiterated an “outperform” rating on shares of National Grid plc in a research note on Thursday, June 19th. They now have a GBX 870 ($14.81) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of National Grid plc in a research note on Wednesday, June 18th. They now have a GBX 960 ($16.34) price target on the stock. Finally, 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 ($13.96) price target on the stock. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 821.71 ($13.98).
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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