National Grid plc Rating Reiterated by Citigroup Inc. (NG)
National Grid plc (LON:NG)‘s stock had its “neutral” rating reaffirmed by research analysts at Citigroup Inc. in a report released on Tuesday. They currently have a GBX 820 ($13.96) target price on the stock. Citigroup Inc.’s price objective suggests a potential downside of 2.79% from the stock’s previous close.
A number of other analysts have also recently weighed in on NG. Analysts at Goldman Sachs raised their price target on shares of National Grid plc from GBX 736 ($12.53) to GBX 780 ($13.27) in a research note on Tuesday. They now have a “sell” rating on the stock. Separately, 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. Finally, 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. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 821.71 ($13.98).
National Grid plc (LON:NG) traded down 0.12% during mid-day trading 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 has a 50-day moving average of GBX 857.8 and a 200-day moving average of GBX 819.0. The company’s market cap is £31.465 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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