Follow The Ratings: National Grid PLC (LON:NG) Moves On Goldman Sachs Initiation. How Much Its Worth?

November 29, 2016 - By Winifred Garcia

Why Goldman Sachs Gives National Grid PLC (LON:NG) GBX 854.00 Price Target

Goldman Sachs shared with investors and clients in an analysts report that it started coverage on National Grid PLC (LON:NG) stock, with a “Sell” rating and a GBX 854.00 PT.

National Grid plc (LON:NG) Ratings Coverage

Out of 18 analysts covering National Grid PLC (LON:NG), 7 rate it a “Buy”, 6 “Sell”, while 5 “Hold”. This means 39% are positive. GBX 1200 is the highest target while GBX 780 is the lowest. The GBX 993.93 average target is 7.48% above today’s (GBX 924.8) stock price. National Grid PLC has been the topic of 115 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Add” rating given on Thursday, August 20 by AlphaValue. The stock of National Grid plc (LON:NG) earned “Add” rating by AlphaValue on Thursday, August 13. On Tuesday, October 4 the stock rating was maintained by BNP Paribas with “Underperform”. The company was maintained on Friday, February 19 by RBC Capital Markets. The stock of National Grid plc (LON:NG) has “Underperform” rating given on Wednesday, July 27 by BNP Paribas. On Thursday, September 15 the stock rating was maintained by JP Morgan with “Overweight”. Credit Suisse maintained National Grid plc (LON:NG) rating on Friday, January 8. Credit Suisse has “Underperform” rating and GBX 820 price target. The firm earned “Outperform” rating on Tuesday, February 9 by RBC Capital Markets. The stock has “Buy” rating given by HSBC on Friday, January 15. The rating was maintained by Deutsche Bank on Monday, September 12 with “Hold”.

About 2.86M shares traded hands. National Grid plc (LON:NG) has declined 4.60% since May 2, 2016 and is downtrending. It has underperformed by 9.86% the S&P500.

Analysts await NovaGold Resources Inc. (USA) (NYSEMKT:NG) to report earnings on January, 25.

National Grid plc is an electricity and gas utility firm focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The company has a market cap of 34.74 billion GBP. The Company’s divisions include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York. It has a 17.02 P/E ratio.

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.”

More notable recent National Grid plc (LON:NG) news were published by: Seekingalpha.com which released: “National Grid: Is A 4.7% Dividend Yield Enough?” on November 23, 2016, also Bloomberg.com with their article: “National Grid Said to Pick Macquarie, Fosun Bids as CPPIB Exits” published on October 14, 2016, Fool.com published: “The Biggest Threat to National Grid Plc Stock” on May 16, 2016. More interesting news about National Grid plc (LON:NG) were released by: Forbes.com and their article: “National Grid (NGG) Shares Enter Oversold Territory” published on October 07, 2016 as well as Fool.com‘s news article titled: “National Grid plc (ADR) Reports Solid Year, Moves Forward Under New CEO” with publication date: May 27, 2016.

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