National Grid (LON:NG) had its target price cut by Royal Bank of Canada from GBX 1,050 ($14.13) to GBX 950 ($12.79) in a research report sent to investors on Monday morning, Marketbeat.com reports. They currently have a sector performer rating on the stock.
Other equities research analysts have also issued reports about the stock. reaffirmed a buy rating and issued a GBX 1,060 ($14.27) price objective on shares of National Grid in a research note on Wednesday, September 6th. Bank of America set a GBX 1,140 ($15.34) price objective on shares of National Grid and gave the company a buy rating in a research note on Wednesday, November 29th. Deutsche Bank raised shares of National Grid to a hold rating and reduced their price objective for the company from GBX 900 ($12.11) to GBX 850 ($11.44) in a research note on Wednesday, December 6th. Macquarie reaffirmed a neutral rating and issued a GBX 975 ($13.12) price objective on shares of National Grid in a research note on Thursday, October 26th. Finally, Barclays set a GBX 990 ($13.32) price objective on shares of National Grid and gave the company a neutral rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 997.31 ($13.42).
Shares of National Grid (LON NG) opened at GBX 867.50 ($11.68) on Monday. National Grid has a 1-year low of GBX 859.30 ($11.57) and a 1-year high of GBX 1,097 ($14.76).
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National Grid Company Profile
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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