Berenberg Bank Raises National Grid plc Price Target to GBX 850 (NG)
Stock analysts at Berenberg Bank lifted their price objective on shares of National Grid plc (LON:NG) from GBX 785 ($13.12) to GBX 850 ($14.21) in a report issued on Thursday. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target indicates a potential downside of 4.23% from the company’s current price.
National Grid plc (LON:NG) opened at 883.525 on Thursday. National Grid plc has a one year low of GBX 725.50 and a one year high of GBX 897.918. The stock has a 50-day moving average of GBX 859.6 and a 200-day moving average of GBX 841.4. The company’s market cap is £32.958 billion.
A number of other analysts have also recently weighed in on NG. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of National Grid plc in a research note on Friday, August 15th. They now have a GBX 960 ($16.05) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of National Grid plc in a research note on Tuesday, August 5th. They now have a GBX 870 ($14.54) price target on the stock. Five analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 826.41 ($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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.