Todays Report: Today, National Grid plc (NG) Coverage Initiated by Analysts at Goldman Sachs Group Inc.

Today, National Grid plc (NG) Coverage Initiated by Analysts at Goldman Sachs Group Inc.

Stock analysts at Goldman Sachs Group Inc. began coverage on shares of National Grid plc (LON:NG) in a research note issued to investors on Tuesday. The firm set a “sell” rating and a GBX 854 ($10.59) price target on the stock. Goldman Sachs Group Inc.’s price target suggests a potential downside of 7.70% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. HSBC reissued a “buy” rating and set a GBX 1,185 ($14.70) price objective on shares of National Grid plc in a research note on Monday, November 14th. Credit Suisse Group AG restated an “underperform” rating and set a GBX 840 ($10.42) target price on shares of National Grid plc in a report on Tuesday, October 25th. Barclays PLC restated an “overweight” rating on shares of National Grid plc in a report on Friday, August 19th. JPMorgan Chase & Co. lifted their target price on shares of National Grid plc from GBX 1,150 ($14.27) to GBX 1,200 ($14.89) and gave the company an “overweight” rating in a report on Friday, September 9th. Finally, Investec restated a “hold” rating and set a GBX 1,030 ($12.78) target price on shares of National Grid plc in a report on Wednesday, October 19th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 1,004.46 ($12.46).

National Grid plc (LON:NG) opened at 925.00 on Tuesday. National Grid plc has a one year low of GBX 892.92 and a one year high of GBX 1,148.00. The firm’s 50 day moving average price is GBX 1,005.36 and its 200 day moving average price is GBX 1,039.77. The stock’s market cap is GBX 34.81 billion.

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