National Grid plc Receives Average Recommendation of “Hold” from Analysts (LON:NG)
National Grid plc (LON:NG) has received a consensus rating of “Hold” from the twenty-one brokerages that are presently covering the stock, AR Network reports. Five equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 826.41 ($13.68).
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 ($15.31) price target on the stock. Separately, analysts at Berenberg Bank raised their price target on shares of National Grid plc from GBX 785 ($12.99) to GBX 850 ($14.07) in a research note on Thursday, August 21st. 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 ($15.89) price target on the stock.
National Grid plc (LON:NG) opened at 885.0001 on Friday. National Grid plc has a one year low of GBX 725.50 and a one year high of GBX 897.918. The stock’s 50-day moving average is GBX 862.4 and its 200-day moving average is GBX 843.5. The company’s market cap is £33.014 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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