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National Grid plc 15.5% Potential Upside Indicated by Macquarie

National Grid plc using EPIC/TICKER code (LON:NG) has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘OUTPERFORM’ this morning by analysts at Macquarie. National Grid plc are listed in the Utilities sector within UK Main Market. Macquarie have set a target price of 930 GBX on its stock. This indicates the analyst now believes there is a potential upside of 15.5% from the opening price of 805 GBX. Over the last 30 and 90 trading days the company share price has decreased 12.8 points and decreased 77.4 points respectively. The 1 year high share price is 981.3 GBX while the 52 week low is 733 GBX.

National Grid plc has a 50 day moving average of 827.21 GBX and the 200 Day Moving Average price is recorded at 830.48. There are currently 3,398,485,693 shares in issue with the average daily volume traded being 7,415,610. Market capitalisation for LON:NG is £27,398,589,895 GBP.