National Grid plc Receives Average Recommendation of “Hold” from Analysts (NYSE:NGG)
Shares of National Grid plc (NYSE:NGG) have been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the company, Stock Ratings Network.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $77.00.
NGG has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of National Grid plc in a research note on Tuesday, August 5th. Separately, analysts at Barclays raised their price target on shares of National Grid plc from $74.00 to $77.00 in a research note on Tuesday, July 29th. They now have an “overweight” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of National Grid plc in a research note on Friday, July 11th.
National Grid plc (NYSE:NGG) opened at 74.19 on Thursday. National Grid plc has a 1-year low of $57.12 and a 1-year high of $77.21. The stock’s 50-day moving average is $74.01 and its 200-day moving average is $71.25. The company has a market cap of $55.351 billion and a P/E ratio of 13.45.
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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