National Grid (LON:NG) was downgraded by investment analysts at AlphaValue to a “reduce” rating in a note issued to investors on Monday, Stock Ratings Network reports. They currently have a GBX 786.50 ($12.61) price target on the stock. AlphaValue’s price objective indicates a potential downside of 0.19% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “sell” rating on shares of National Grid in a research note to investors on Monday. They now have a GBX 660 ($10.58) price target on the stock. Four research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 781.60 ($12.53).
Shares of National Grid (LON:NG) traded up 0.96% on Monday, hitting GBX 788.00. 5,583,569 shares of the company’s stock traded hands. National Grid has a 52-week low of GBX 678.00 and a 52-week high of GBX 849.50. The stock has a 50-day moving average of GBX 756.2 and a 200-day moving average of GBX 768.1. The company’s market cap is £28.885 billion.
National Grid Plc is an international electricity and gas company. The Company’s segments include UK Transmission, UK Gas Distribution, US Regulated and Other activities.
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