National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

876.60p
   
  • Change Today:
    -12.80p
  • 52 Week High: 1,142.50p
  • 52 Week Low: 874.40p
  • Currency: UK Pounds
  • Shares Issued: 3,721.35m
  • Volume: 29,868,759
  • Market Cap: £32,621m

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 876.60p
Change Today -12.80p
% Change -1.44 %
52 Week High 1,142.50p
52 Week Low 874.40p
Volume 29,868,759
Shares Issued 3,721.35m
Market Cap £32,621m

National Grid Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
51.3% below the market average51.3% below the market average51.3% below the market average51.3% below the market average51.3% below the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Income Not Available
Growth
21.17% below the market average21.17% below the market average21.17% below the market average21.17% below the market average21.17% below 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

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
  Final Interim
Ex-Div 06-Jun-24 23-Nov-23
Paid 19-Jul-24 11-Jan-24
Amount 39.12p 19.40p

Trades for 28-May-2024

Time Volume / Share Price
16:23 9 @ 878.00p
16:27 4 @ 878.00p
16:16 16 @ 880.40p
16:11 9 @ 879.00p
16:22 3 @ 878.00p

National Grid Key Personnel

CEO John Pettigrew
CFO Andrew Agg

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