Berenberg Bank Reaffirms Hold Rating for National Grid plc (NGG)
Other equities research analysts have also recently issued reports about the stock. 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. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $77.00.
Shares of National Grid plc (NYSE:NGG) traded down 0.11% on Friday, hitting $73.49. 229,055 shares of the company’s stock traded hands. National Grid plc has a 52 week low of $57.12 and a 52 week high of $77.21. The stock has a 50-day moving average of $73.96 and a 200-day moving average of $71.27. The company has a market cap of $54.828 billion and a price-to-earnings ratio of 13.41.
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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