National Grid (LON:NG)‘s stock had its “sell” rating reaffirmed by research analysts at Societe Generale in a report released on Monday, Analyst Ratings News reports. They currently have a GBX 730 ($11.85) target price on the stock. Societe Generale’s target price would indicate a potential downside of 7.02% from the company’s current price.
A number of other analysts have also recently weighed in on NG. Analysts at BNP Paribas reiterated a “neutral” rating on shares of National Grid in a research note to investors on Friday. They now have a GBX 780 ($12.66) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “hold” rating on shares of National Grid in a research note to investors on Friday. Finally, analysts at Deutsche Bank reiterated a “sell” rating on shares of National Grid in a research note to investors on Thursday. They now have a GBX 660 ($10.71) price target on the stock. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 786.34 ($12.76).
Shares of National Grid (LON:NG) opened at 780.50 on Monday. National Grid has a 1-year low of GBX 678.00 and a 1-year high of GBX 849.50. The stock’s 50-day moving average is GBX 769.3 and its 200-day moving average is GBX 765.3. The company’s market cap is £29.111 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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