National Grid plc Given “Outperform” Rating at RBC Capital (NG)
National Grid plc (LON:NG)‘s stock had its “outperform” rating reaffirmed by investment analysts at RBC Capital in a note issued to investors on Monday. They currently have a GBX 925 ($15.71) target price on the stock. RBC Capital’s price objective would indicate a potential upside of 5.23% from the stock’s previous close.
National Grid plc (LON:NG) traded up 0.92% on Monday, hitting GBX 879.00. The stock had a trading volume of 4,725,789 shares. National Grid plc has a 52 week low of GBX 725.50 and a 52 week high of GBX 897.918. The stock’s 50-day moving average is GBX 850.1 and its 200-day moving average is GBX 832.. The company’s market cap is £32.790 billion.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of National Grid plc in a research note on Monday, July 21st. They now have a GBX 960 ($16.30) price target on the stock. Separately, 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 ($13.92) price target on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of National Grid plc from GBX 736 ($12.50) to GBX 780 ($13.25) in a research note on Tuesday, June 24th. They now have a “sell” rating on the stock. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 821.71 ($13.95).
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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