Deutsche Bank Reaffirms Hold Rating for National Grid (NG)

National Grid (LON:NG)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank in a research report issued on Monday. They presently have a GBX 860 ($11.24) price target on the stock. Deutsche Bank’s price objective would suggest a potential upside of 3.71% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Credit Suisse Group set a GBX 865 ($11.30) price target on shares of National Grid and gave the company a “neutral” rating in a research report on Tuesday, July 31st. BNP Paribas set a GBX 920 ($12.02) price target on shares of National Grid and gave the company a “buy” rating in a research report on Monday, September 10th. Berenberg Bank dropped their price target on shares of National Grid from GBX 1,050 ($13.72) to GBX 950 ($12.41) and set a “buy” rating on the stock in a research report on Wednesday, October 10th. Goldman Sachs Group dropped their price target on shares of National Grid from GBX 847 ($11.07) to GBX 836 ($10.92) and set a “neutral” rating on the stock in a research report on Tuesday, September 18th. Finally, HSBC dropped their price target on shares of National Grid from GBX 950 ($12.41) to GBX 940 ($12.28) and set a “buy” rating on the stock in a research report on Thursday, September 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 912 ($11.92).

LON NG opened at GBX 829.20 ($10.83) on Monday. National Grid has a 12-month low of GBX 733 ($9.58) and a 12-month high of GBX 1,097 ($14.33).

National Grid Company Profile

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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Analyst Recommendations for National Grid (LON:NG)

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