National Grid plc Receives Average Rating of “Hold” from Analysts (LON:NG)
Shares of National Grid plc (LON:NG) have earned a consensus recommendation of “Hold” from the twenty brokerages that are covering the company, StockRatingsNetwork reports. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 821.71 ($14.07).
Shares of National Grid plc (LON:NG) traded up 0.30% during mid-day trading on Monday, hitting GBX 853.5499. The stock had a trading volume of 1,607,511 shares. National Grid plc has a 1-year low of GBX 725.50 and a 1-year high of GBX 897.918. The stock has a 50-day moving average of GBX 853.3 and a 200-day moving average of GBX 825.8. The company’s market cap is £31.840 billion.
A number of research firms have recently commented on NG. Analysts at RBC Capital reiterated an “outperform” rating on shares of National Grid plc in a research note on Friday. They now have a GBX 925 ($15.84) 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 Tuesday, June 24th. They now have a GBX 820 ($14.04) price target on the stock.
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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