UBS Group set a GBX 800 ($10.45) price objective on National Grid (LON:NG) in a research note published on Friday, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the stock.
A number of other brokerages have also issued reports on NG. Citigroup reiterated a buy rating and issued a GBX 961 ($12.56) price objective on shares of National Grid in a report on Wednesday, August 29th. Societe Generale set a GBX 950 ($12.41) price objective on shares of National Grid and gave the company a buy rating in a report on Friday, November 9th. Morgan Stanley reiterated an overweight rating on shares of National Grid in a report on Tuesday, October 2nd. Goldman Sachs Group set a GBX 847 ($11.07) price objective on shares of National Grid and gave the company a neutral rating in a report on Friday, August 31st. Finally, BNP Paribas set a GBX 920 ($12.02) price objective on shares of National Grid and gave the company a buy rating in a report on Monday, September 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 901.73 ($11.78).
Shares of LON NG opened at GBX 832.90 ($10.88) on Friday. National Grid has a 1 year low of GBX 733 ($9.58) and a 1 year high of GBX 1,097 ($14.33).
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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