National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

1,123.00p
   
  • Change Today:
      10.50p
  • 52 Week High: 1,162.00
  • 52 Week Low: 932.00
  • Currency: UK Pounds
  • Shares Issued: 3,721.35m
  • Volume: 434,823
  • Market Cap: £41,791m

Citi upgrades National Grid to 'buy' pointing to small premium versus RAB

By Alexander Bueso

Date: Wednesday 09 Dec 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Citi upgraded their recommendation for shares of National Grid to 'buy', pointing to the significant valuation discount versus peers.
They also bumped up their target price for the power company by 3% to 970.0p.

Their move followed regulatory clarity in the UK with regulator Ofgem's proposal "sufficiently attractive" to warrant an acceptance.

And yet, the share price was implying just a 3% premium to the company's Regulatory Asset Base, against about a 20% premium for its UK water peers - a gap that Citi believed should close.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

National Grid Market Data

Currency UK Pounds
Share Price 1,123.00p
Change Today 10.50p
% Change 0.94 %
52 Week High 1,162.00
52 Week Low 932.00
Volume 434,823
Shares Issued 3,721.35m
Market Cap £41,791m

National Grid Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.7% below the market average67.7% below the market average67.7% below the market average67.7% below the market average67.7% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Price Trend
13.81% above the market average13.81% above the market average13.81% above the market average13.81% above the market average13.81% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
45.04% above the market average45.04% above the market average45.04% above the market average45.04% above the market average45.04% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Growth
37.85% above the market average37.85% above the market average37.85% above the market average37.85% above the market average37.85% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 3
Buy 6
Neutral 5
Sell 0
Strong Sell 0
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

National Grid Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Nov-23 01-Jun-23
Paid 11-Jan-24 09-Aug-23
Amount 19.40p 37.60p

Trades for 10-May-2024

Time Volume / Share Price
08:53 8 @ 1,123.50p
08:53 2 @ 1,123.50p
08:53 31 @ 1,123.00p
08:53 500 @ 1,123.00p
08:53 562 @ 1,123.00p

National Grid Key Personnel

CEO John Pettigrew
CFO Andrew Agg

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