National Grid plc Receives “Outperform” Rating from Sanford C. Bernstein (NG)
National Grid plc (LON:NG)‘s stock had its “outperform” rating reissued by stock analysts at Sanford C. Bernstein in a report issued on Monday. They currently have a GBX 960 ($15.93) price target on the stock. Sanford C. Bernstein’s target price suggests a potential upside of 6.79% from the stock’s previous close.
National Grid plc (LON:NG) opened at 903.50 on Monday. National Grid plc has a 52 week low of GBX 725.50 and a 52 week high of GBX 899.52. The stock has a 50-day moving average of GBX 867.0 and a 200-day moving average of GBX 845.. The company’s market cap is £33.704 billion.
NG has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of National Grid plc in a research note on Friday, August 22nd. They now have a GBX 925 ($15.35) price target on the stock. Separately, analysts at Berenberg Bank raised their price target on shares of National Grid plc from GBX 785 ($13.03) to GBX 850 ($14.11) in a research note on Thursday, August 21st. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of National Grid plc in a research note on Tuesday, August 5th. They now have a GBX 870 ($14.44) price target on the stock. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 826.41 ($13.71).
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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