National Grid (LON:NG): RBC Capital Markets Reiterates Outperform Rating Today, Has a Target of GBX 1000/Share


National Grid (LON:NG) Rating Reaffirmed

RBC Capital Markets now has a GBX 1000 target price per share on the 34.09 billion GBP market cap company or 9.66% upside potential. In a recent report revealed to investors on Friday morning, National Grid (LON:NG) shares have had their Outperform Rating reaffirmed by stock analysts at RBC Capital Markets.

From a total of 15 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 912.2 with a 1.17% above today’s (GBX 908.3) stock price. National Grid PLC was the topic of 41 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Investec maintained shares on December 4 with “Hold” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 860 target share price in a report from a November 11. RBC Capital Markets upgraded NG stock in a recent report from November 19 to “Outperform” 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 4.03 million shares of stock traded hands. National Grid plc (LON:NG) has risen 3.04% since May 14, 2015 and is uptrending. It has outperformed by 6.06% the S&P500.

National Grid (LON:NG): RBC Capital Markets Reiterates Outperform Rating Today, Has a Target of GBX 1000/Share

Analysts await NovaGold Resources Inc. (USA) (NYSEMKT:NG) to reports earnings on January, 27. They expect $-0.02 EPS, 0.00% or $0.00 from last year’s $-0.02 per share. After $-0.02 actual EPS 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 34.09 billion GBP. The UK Electricity Transmission includes high voltage electricity transmission networks in Great Britain. It has 15.9 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).