National Grid plc (NG) Given Consensus Rating of “Hold” by Analysts
Shares of National Grid plc (LON:NG) have been given a consensus rating of “Hold” by the sixteen ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 986.87 ($13.20).
NG has been the topic of a number of recent analyst reports. Macquarie set a GBX 990 ($13.24) target price on National Grid and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Goldman Sachs Group set a GBX 877 ($11.73) target price on National Grid and gave the stock a “sell” rating in a research note on Thursday, December 14th. Royal Bank of Canada lowered their target price on National Grid from GBX 1,050 ($14.04) to GBX 950 ($12.70) and set a “sector performer” rating on the stock in a research note on Monday, December 11th. JPMorgan Chase & Co. lowered their price objective on National Grid from GBX 1,060 ($14.17) to GBX 1,040 ($13.91) and set an “overweight” rating on the stock in a research note on Wednesday, December 6th. Finally, Deutsche Bank upgraded National Grid to a “hold” rating and lowered their price objective for the company from GBX 900 ($12.03) to GBX 850 ($11.37) in a research note on Wednesday, December 6th.
Shares of National Grid (LON NG) opened at GBX 867 ($11.59) on Friday. National Grid has a 52-week low of GBX 844.80 ($11.30) and a 52-week high of GBX 1,097 ($14.67). The stock has a market cap of $29,270.00 and a price-to-earnings ratio of 1,806.25.
About National Grid
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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