National Grid (NG) Given a GBX 877 Price Target at Goldman Sachs Group
National Grid (LON:NG) has been given a GBX 877 ($11.80) price target by equities researchers at Goldman Sachs Group in a report issued on Thursday. The firm currently has a “sell” rating on the stock. Goldman Sachs Group’s price target would suggest a potential upside of 0.72% from the company’s current price.
Several other analysts have also issued reports on the company. Royal Bank of Canada cut their price target on National Grid from GBX 1,050 ($14.13) to GBX 950 ($12.79) and set a “sector performer” rating for the company in a report on Monday. J P Morgan Chase & Co cut their price target on National Grid from GBX 1,060 ($14.27) to GBX 1,040 ($14.00) and set an “overweight” rating for the company in a report on Wednesday, December 6th. Deutsche Bank raised National Grid to a “hold” rating and cut their price target for the company from GBX 900 ($12.11) to GBX 850 ($11.44) in a report on Wednesday, December 6th. Bank of America set a GBX 1,140 ($15.34) price target on National Grid and gave the company a “buy” rating in a report on Wednesday, November 29th. Finally, Credit Suisse Group raised National Grid to a “neutral” rating and set a GBX 860 ($11.57) price target for the company in a report on Monday, November 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 993 ($13.36).
Shares of National Grid (LON:NG) opened at GBX 870.70 ($11.72) on Thursday. National Grid has a fifty-two week low of GBX 859.30 ($11.57) and a fifty-two week high of GBX 1,097 ($14.76).
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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