Citi analyst Jenny Ping downgraded National Grid (NGG) to Neutral from Buy with a price target of 1,050 GBp, down from 1,063 GBp. The firm views the shares as fairly valued following a 10% re-rating in the last three months. Citi now sees the shares as fairly reflecting National Grid’s growth prospects combined with policy and regulatory support.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NGG:
- National Grid Announces CEO Succession with Zoë Yujnovich
- National Grid Updates Voting Rights and Managerial Share Transactions in April 2025
- National Grid downgraded to Neutral from Buy at UBS
- National Grid Proposes New Rate Plan for Upstate New York
- National Grid price target raised to 1,225 GBp from 1,175 GBp at JPMorgan