BNP Paribas Reaffirms Underperform Rating for National Grid plc (NG)
National Grid plc (LON:NG)‘s stock had its “underperform” rating reaffirmed by equities research analysts at BNP Paribas in a research report issued to clients and investors on Monday. They currently have a GBX 830 ($10.25) target price on the stock. BNP Paribas’ price target points to a potential downside of 16.21% from the company’s current price.
A number of other equities research analysts have also weighed in on the company. Deutsche Bank AG set a GBX 920 ($11.36) target price on National Grid plc and gave the company a “neutral” rating in a research note on Wednesday, December 14th. Beaufort Securities reissued a “buy” rating on shares of National Grid plc in a research note on Friday, December 9th. HSBC Holdings plc lowered their target price on National Grid plc from GBX 1,070 ($13.21) to GBX 1,060 ($13.09) and set a “buy” rating for the company in a research note on Wednesday, January 25th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 1,050 ($12.97) target price on shares of National Grid plc in a research note on Monday, January 30th. Finally, Berenberg Bank reissued a “hold” rating on shares of National Grid plc in a research note on Tuesday, December 13th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. National Grid plc currently has an average rating of “Hold” and an average target price of GBX 988.33 ($12.21).
Shares of National Grid plc (LON:NG) traded up 0.60% during midday trading on Monday, reaching GBX 990.60. The company’s stock had a trading volume of 3,483,662 shares. National Grid plc has a 52-week low of GBX 888.90 and a 52-week high of GBX 1,148.00. The stock’s market cap is GBX 37.28 billion. The stock has a 50-day moving average price of GBX 963.18 and a 200-day moving average price of GBX 984.61.
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National Grid plc Company Profile
National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.
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