Is National Grid (LON:NG) Now a 'Buy'? Deutsche Upgrades Stock

Lloyd Doyle
December 8, 2017

Facebook Inc Cl A now has $511.60 billion valuation. It has outperformed by 10.05% the S&P500. Bank of America Corp upgraded National Grid plc from a "neutral" rating to a "buy" rating in a research note on Monday, May 15th. JP Morgan Cazenove's target would suggest a potential upside of 18.33% from the company's last close price. About 121,435 shares traded. It also upped Altria Group Inc (NYSE:MO) stake by 45,030 shares and now owns 548,177 shares. (NASDAQ:FB) or 750 shares. Shares for $5.71 million were sold by Schroepfer Michael Todd on Tuesday, June 13. The target implies a -0.08% decrease from where the shares are now trading. Its down 0.05, from 0.97 in 2017Q1. It fall, as 51 investors sold STI shares while 249 reduced holdings. 65 funds opened positions while 210 raised stakes. Schaper Benz & Wise Invest Counsel Wi accumulated 0.44% or 17,990 shares. 5,285 are held by Foundry. (NASDAQ:BELFB). Invesco Limited holds 85,051 shares. Private Natl Bank And owns 34,835 shares. Horizon Investment Llc holds 1.52% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 22,461 shares. (NYSE:STI). Massachusetts Ma holds 1.39M shares or 0.04% of its portfolio.

Analysts await Facebook, Inc. (NYSE:STI). Fmr Ltd Liability Company reported 0.21% stake. They expect $-0.03 earnings per share, down 50.00 % or $0.01 from last year's $-0.02 per share. After $-0.03 actual EPS reported by National Grid plc for the previous quarter, Wall Street now forecasts 0.00% EPS growth. On Wednesday, August 24 the stock rating was maintained by Beaufort Securities with "Buy". This was revealed in a research report on Thursday, 7 December. Barclays Capital reinitiated it with "Equal Weight" rating and GBX 1075 target in Friday, May 12 report. The stock of Facebook, Inc. (NASDAQ:FB) earned "Buy" rating by Suntrust Robinson on Monday, January 25. The ex-dividend date is Wednesday, November 22nd. The rating was maintained by Goldman Sachs on Thursday, July 30 with "Buy".

National Grid plc has a consensus buy rating from 1 Wall Street analysts, and the number of shares now sold short amount to at least 0.26% of shares outstanding. Therefore 40% are positive. National Grid Transco has a twelve month low of $58.42 and a twelve month high of $75.24.

National Grid (LON:NG) had its price target cut by J P Morgan Chase & Co from GBX 1,060 ($14.27) to GBX 1,040 ($14.00) in a report released on Wednesday. Barclays set a GBX 990 ($13.32) price target on National Grid and gave the company a neutral rating in a report on Thursday, November 2nd. Credit Suisse has "Underperform" rating and GBX 860 target. AlphaValue downgraded the shares of NG in report on Wednesday, September 23 to "Reduce" rating. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The rating was upgraded by Argus Research on Thursday, December 1 to "Buy". The firm has "Underperform" rating by BNP Paribas given on Tuesday, February 2. JP Morgan maintained the stock with "Overweight" rating in Friday, March 24 report.

National Grid plc transmits and distributes electricity and natural gas. The stock has a market cap of $46.64 billion, a price-to-earnings ratio of 4.64 and a beta of 0.43. It operates through UK Electricity Transmission, UK Gas Transmission, and US Regulated divisions. It has a 8.4 P/E ratio. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead line; 1,500 kilometers of underground cable; and 342 substations located in England and Wales.

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