Credit Suisse Group Upgrades National Grid (LON:NG) to Neutral

Facebook Inc Cl A now has $511.60 billion valuation. The stock increased 0.64% or $0.41 during the last trading session, reaching $64.44. About 20.26M shares traded or 27.07% up from the average. Bel Fuse Inc. (NASDAQ:BELFB) has risen 41.76% since December 7, 2016 and is uptrending. It has outperformed by 25.06% the S&P500. Deutsche Bank restated a "sell" rating and issued a GBX 900 ($12.11) price objective on shares of National Grid in a report on Tuesday, November 7th. They have a TP of GBX 850.00 on NG. Deutsche's TP means a potential downside of -3.18% from the stock's current stock price.

Shares of National Grid (LON NG) traded down GBX 7.38 ($0.10) during mid-day trading on Wednesday, hitting GBX 875.80 ($11.79).

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The company has market cap of $1.97 billion. It operates through UK Electricity Transmission, UK Gas Transmission, and US Regulated divisions. It has a 3.9 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. Credit Suisse maintained National Grid plc (LON:NG) on Friday, January 8 with "Underperform" rating. Therefore 42% are positive. National Grid has a 1 year low of GBX 859.30 ($11.57) and a 1 year high of GBX 1,097 ($14.76). The brokerage now has a GBX 860 ($11.57) price objective on the stock.

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By taking a look at the stock's current statistics it can gauged that the stock candle is BULLISH with MEDIUM volatility. Analysts believe that the company has the potential to earn average revenue of $3.52 Billion for the current quarter.

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Also, it has an estimated price-earnings (P/E) multiple of 11.09 and a trailing 12-month price-earnings (P/E) multiple of 5.75. Savings Bank Of Montreal Can holds 0.01% of its portfolio in Invesco Mortgage Capital Inc. (NYSE:IVR) for 139,867 shares.

Comerica Bank purchased a new position in shares of National Grid Transco, PLC (NYSE:NGG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The rating was maintained by Deutsche Bank with "Sell" on Thursday, July 13. Finally, Macquarie reiterated a neutral rating and issued a GBX 975 ($13.12) price target on shares of National Grid in a report on Thursday, October 26th. HSBC has "Buy" rating and GBX 1185 target. Credit Suisse maintained it with "Underperform" rating and GBX 840 target in Thursday, September 8 report. Barclays Capital maintained National Grid plc (LON:NG) rating on Tuesday, August 18. Citigroup maintained the stock with "Neutral" rating in Thursday, October 29 report. The firm earned "Hold" rating on Thursday, May 11 by Berenberg. The rating was maintained by RBC Capital Markets with "Outperform" on Wednesday, March 16. After $-0.03 actual EPS reported by National Grid plc for the previous quarter, Wall Street now forecasts 0.00 % EPS growth. They expect $-0.03 earnings per share, down 50.00 % or $0.01 from last year's $-0.02 per share. The target implies a -0.08% decrease from where the shares are now trading. Its up 0.05, from 1.35 in 2017Q1.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HighVista Strategies LLC now owns 27,043 shares of the utilities provider's stock valued at $1,699,000 after buying an additional 320 shares during the period. (NASDAQ:FB) to report earnings on February, 7. Schaper Benz & Wise Invest Counsel Wi accumulated 0.44% or 17,990 shares. Moreover, Tower Capital Ltd Liability Com (Trc) has 0.01% invested in Bel Fuse Inc. Institutional investors own 5.55% of the company's stock. Myriad Asset Mgmt Limited reported 72,400 shares. Twin Tree Mngmt LP owns 5,918 shares for 0% of their portfolio.

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