National Grid plc’s (NG) “Neutral” Rating Reiterated at Macquarie

Macquarie reissued their neutral rating on shares of National Grid plc (LON:NG) in a report issued on Thursday. Macquarie currently has a GBX 975 ($12.87) target price on the stock.

NG has been the subject of several other reports. J P Morgan Chase & Co restated an overweight rating and issued a GBX 1,060 ($13.99) target price on shares of National Grid plc in a report on Thursday. Deutsche Bank AG reduced their target price on National Grid plc from GBX 950 ($12.54) to GBX 900 ($11.88) and set a sell rating for the company in a report on Thursday, August 17th. Berenberg Bank restated a buy rating and issued a GBX 1,050 ($13.86) target price on shares of National Grid plc in a report on Tuesday, August 1st. Credit Suisse Group restated an underperform rating and issued a GBX 850 ($11.22) target price on shares of National Grid plc in a report on Friday, September 22nd. Finally, BNP Paribas restated a neutral rating and issued a GBX 1,000 ($13.20) target price on shares of National Grid plc in a report on Friday, July 21st. Four analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 1,006.80 ($13.29).

National Grid plc (LON:NG) opened at 908.90 on Thursday. The company has a 50-day moving average of GBX 939.07 and a 200 day moving average of GBX 998.47. The stock’s market cap is GBX 31.28 billion. National Grid plc has a 12-month low of GBX 888.90 and a 12-month high of GBX 1,097.00.

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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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