National Grid plc (NG) Given a GBX 990 Price Target at Barclays PLC
National Grid plc (LON:NG) received a GBX 990 ($13.06) price objective from equities researchers at Barclays PLC in a research note issued to investors on Thursday. The brokerage presently has a “neutral” rating on the stock. Barclays PLC’s price target points to a potential upside of 9.27% from the stock’s previous close.
A number of other research firms also recently issued reports on NG. Berenberg Bank reissued a “buy” rating and issued a GBX 1,050 ($13.86) target price on shares of National Grid plc in a research report on Tuesday, August 1st. Credit Suisse Group reissued an “underperform” rating and issued a GBX 850 ($11.22) target price on shares of National Grid plc in a research report on Friday, July 21st. Deutsche Bank AG reissued a “sell” rating and issued a GBX 900 ($11.88) target price on shares of National Grid plc in a research report on Friday, August 25th. HSBC Holdings plc raised National Grid plc to a “buy” rating and raised their target price for the stock from GBX 1,050 ($13.86) to GBX 1,060 ($13.99) in a research report on Thursday, July 13th. Finally, Morgan Stanley reissued an “overweight” rating on shares of National Grid plc in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,000.47 ($13.20).
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About National Grid plc
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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