Upbeat broker recommendations for National Grid
The National Grid (LON:NG.) share price has risen by 1.06% over the past month and it’s currently trading at 924.8. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, National Grid currently has:
- 4 Buy recommendations
- 6 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
At its current price of 924.8, shares in National Grid are trading at a discount of -14.9% to its 52 week high price. The 1-year performance of the shares has been 11.7%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of National Grid it's worth doing some investigation yourself.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of National Grid it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with National Grid that you can find out about here.
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