Goldman Sachs Group upgraded shares of National Grid (LON:NG) to a neutral rating in a research note issued to investors on Tuesday morning. Goldman Sachs Group currently has GBX 858 ($11.21) target price on the stock, up from their previous target price of GBX 836 ($10.92).
NG has been the subject of a number of other research reports. Citigroup reiterated a buy rating and set a GBX 961 ($12.56) price objective on shares of National Grid in a report on Wednesday, August 29th. Deutsche Bank reiterated a hold rating on shares of National Grid in a report on Friday, July 27th. Morgan Stanley reiterated an overweight rating on shares of National Grid in a report on Monday, September 10th. HSBC decreased their price objective on shares of National Grid from GBX 950 ($12.41) to GBX 940 ($12.28) and set a buy rating for the company in a report on Thursday, September 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of National Grid from GBX 870 ($11.37) to GBX 950 ($12.41) and gave the company an overweight rating in a report on Monday, September 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 912 ($11.92).
National Grid stock opened at GBX 823.80 ($10.76) on Tuesday. National Grid has a 12-month low of GBX 733 ($9.58) and a 12-month 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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