National Grid plc Given Average Recommendation of “Hold” by Brokerages (NYSE:NGG)
Shares of National Grid plc (NYSE:NGG) have received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, AnalystRatings.Net reports. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $77.00.
National Grid plc (NYSE:NGG) opened at 73.49 on Thursday. National Grid plc has a 1-year low of $57.12 and a 1-year high of $77.21. The stock has a 50-day moving average of $73.9 and a 200-day moving average of $71.34. The company has a market cap of $54.828 billion and a P/E ratio of 13.43.
NGG has been the subject of a number of recent research reports. Analysts at Berenberg Bank reiterated a “hold” rating on shares of National Grid plc in a research note on Friday. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of National Grid plc in a research note on Tuesday, August 5th. Finally, 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.
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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