0709 GMT - National Grid's earnings growth profile and value of its regulated assets are attractive, analysts at Citi bank write. The British energy-infrastructure company has political and regulatory support which is de-risking investments, the analysts say. U.K. energy regulator Ofgem recognizes that investors need higher returns and is making projects more attractive as a result, they say. Meanwhile, several projects have been de-risked by upfront development costs and confirmation they won't be exposed to future competition, they add. The analysts upgrade the stock to buy from neutral, and set a share-price target of 1,063 pence. Shares closed Friday at 963.20 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
January 20, 2025 02:09 ET (07:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。