Credit Suisse Group Reiterates “Neutral” Rating for National Grid (NG)

National Grid (LON:NG)‘s stock had its “neutral” rating restated by equities researchers at Credit Suisse Group in a report released on Sunday, Digital Look reports. They currently have a GBX 850 ($11.11) target price on the stock. Credit Suisse Group’s price objective points to a potential upside of 3.71% from the stock’s previous close.

Several other equities research analysts have also recently commented on the stock. Societe Generale set a GBX 930 ($12.15) price target on shares of National Grid and gave the stock a “buy” rating in a research report on Thursday, January 17th. Royal Bank of Canada upgraded shares of National Grid to an “outperform” rating and lifted their price target for the stock from GBX 900 ($11.76) to GBX 950 ($12.41) in a research report on Wednesday, February 6th. Barclays started coverage on shares of National Grid in a report on Wednesday, January 30th. They set an “overweight” rating and a GBX 950 ($12.41) price objective for the company. UBS Group set a GBX 800 ($10.45) price objective on shares of National Grid and gave the company a “neutral” rating in a report on Thursday, January 17th. Finally, Goldman Sachs Group boosted their price objective on shares of National Grid from GBX 875 ($11.43) to GBX 899 ($11.75) and gave the company a “neutral” rating in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. National Grid has an average rating of “Buy” and a consensus target price of GBX 907.67 ($11.86).

NG traded up GBX 2.30 ($0.03) during midday trading on Friday, hitting GBX 819.60 ($10.71). The company had a trading volume of 2,204,390 shares, compared to its average volume of 10,850,000. The company has a current ratio of 0.85, a quick ratio of 0.51 and a debt-to-equity ratio of 148.26. The stock has a market capitalization of $27.95 billion and a PE ratio of 8.41. National Grid has a twelve month low of GBX 744.50 ($9.73) and a twelve month high of GBX 895.10 ($11.70).

About National Grid

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

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Analyst Recommendations for National Grid (LON:NG)

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