National Grid plc Given Average Rating of “Hold” by Analysts (LON:NG)
National Grid plc (LON:NG) has received a consensus rating of “Hold” from the twenty-one analysts that are covering the stock, Stock Ratings Network.com reports. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 826.41 ($13.81).
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 ($15.46) price target on the stock. Separately, analysts at Berenberg Bank raised their price target on shares of National Grid plc from GBX 785 ($13.12) to GBX 850 ($14.21) in a research note on Thursday. They now have a “hold” rating on the stock. Finally, 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.
National Grid plc (LON:NG) traded up 0.28% during mid-day trading on Friday, hitting GBX 889.9999. The stock had a trading volume of 1,528,850 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 860.5 and its 200-day moving average is GBX 841.7. The company’s market cap is £33.200 billion.
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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