Today, Goldman Sachs Group Inc. Initiates Coverage on National Grid plc (NG)

Today, Goldman Sachs Group Inc. Initiates Coverage on National Grid plc (NG)

Research analysts at Goldman Sachs Group Inc. assumed coverage on shares of National Grid plc (LON:NG) in a report released on Tuesday. The brokerage set a “sell” rating and a GBX 854 ($10.59) price target on the stock. Goldman Sachs Group Inc.’s price target indicates a potential downside of 7.70% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank AG lifted their price objective on shares of National Grid plc from GBX 920 ($11.41) to GBX 1,040 ($12.90) and gave the stock a “hold” rating in a report on Monday, September 12th. Jefferies Group reissued a “hold” rating on shares of National Grid plc in a report on Thursday, September 22nd. Credit Suisse Group AG reissued an “underperform” rating and set a GBX 840 ($10.42) price target on shares of National Grid plc in a report on Wednesday, August 17th. Beaufort Securities reissued a “buy” rating on shares of National Grid plc in a report on Friday, August 19th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,200 ($14.89) price target on shares of National Grid plc in a report on Friday, November 11th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 1,004.46 ($12.46).

National Grid plc (LON:NG) opened at 925.70 on Tuesday. The firm’s 50-day moving average is GBX 1,005.36 and its 200 day moving average is GBX 1,039.77. The stock’s market capitalization is GBX 34.83 billion. National Grid plc has a 12-month low of GBX 892.92 and a 12-month high of GBX 1,148.00.

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