National Grid plc (NG) Receives New Coverage from Analysts at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. initiated coverage on shares of National Grid plc (LON:NG) in a research note issued to investors on Tuesday morning. The brokerage issued a sell rating and a GBX 854 ($10.59) target price on the stock.
A number of other research analysts have also issued reports on the company. HSBC decreased their target price on National Grid plc from GBX 1,185 ($14.70) to GBX 1,060 ($13.15) and set a buy rating on the stock in a research report on Monday, November 21st. Credit Suisse Group AG reissued an underperform rating and issued a GBX 860 ($10.67) price objective on shares of National Grid plc in a research note on Friday, November 11th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 1,200 ($14.89) price objective on shares of National Grid plc in a research note on Friday, November 11th. BNP Paribas reissued an underperform rating and issued a GBX 830 ($10.30) price objective on shares of National Grid plc in a research note on Friday, November 11th. Finally, Deutsche Bank AG reissued a hold rating and issued a GBX 1,040 ($12.90) price objective on shares of National Grid plc in a research note on Friday, November 11th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. National Grid plc presently has a consensus rating of Hold and a consensus price target of GBX 1,004.46 ($12.46).
Shares of National Grid plc (LON:NG) opened at 931.20 on Tuesday. National Grid plc has a 52 week low of GBX 892.92 and a 52 week high of GBX 1,148.00. The stock’s market capitalization is GBX 35.04 billion. The stock’s 50 day moving average is GBX 1,005.36 and its 200-day moving average is GBX 1,039.77.
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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