National Grid PLC (LON:NG) Rating Reaffirmed
Investec now has a GBX 860.00 target price on shares of National Grid PLC (LON:NG). The target price would indicate a potential downside of -5.25% from the stock price of National Grid PLC (LON:NG). This rating was revealed in analysts report on Friday, 4 December.
From a total of 14 analysts covering National Grid PLC (LON:NG) stock, 4 rate it a ”Buy”, 3 a “Sell”, and 11 a ”Hold”. This means that 22% of the ratings are positive. The highest target price is GBX 1010 while the lowest target price is GBX 810. The mean of all analyst targets is GBX 914.5 with a 1.38% above today’s (GBX 906.4) stock price. National Grid PLC was the topic of 40 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. BNP Paribas maintained shares on December 3 with “Underperform” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 860 target share price in a report from a November 11. Credit Suisse maintained NG stock in a recent report from November 18 with “Underperform” rating. Jefferies maintained the rating on November 10. Jefferies has a “Hold” rating and a GBX 950 price target on shares. Finally, AlphaValue maintained the stock with “Add” rating in a report issued on a November 11.
Approximately 1.05 million shares of stock traded hands. National Grid plc (LON:NG) has risen 4.09% since May 7, 2015 and is uptrending. It has outperformed by 6.87% the S&P500.
Analysts await NovaGold Resources Inc. (USA) (NYSEMKT:NG) to reports earnings on January, 27. They expect $-0.02 earnings per share, 0.00% or $0.00 from last year’s $-0.02 per share. After $-0.02 actual earnings per share reported by NovaGold Resources Inc. (USA) for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
National Grid Plc is an electricity and gas utility company. The company has a market cap of 33.93 billion GBP. The UK Electricity Transmission includes high voltage electricity transmission networks in Great Britain. It has 15.86 P/E ratio. The Company’s UK Gas Transmission provides the gas transmission network in Great Britain and UK liquefied natural gas storage activities.
According to Zacks Investment Research, “NovaGold Resources is a gold and copper company engaged in the exploration and development of mineral properties in Alaska and Western Canada. The Company is rapidly moving to production at its hundred percent owned Nome Operations in Alaska, which includes Rock Creek, Big Hurrah and Nome Gold. NovaGold recently announced its partnership with Teck Cominco to build the Galore Creek copper-gold mine in northwestern British Columbia, with NovaGold and Teck Cominco each owning 50% of the project once Teck Cominco has completed its partnership requirements.” Get a free copy of the Zacks research report on National Grid plc (NG).