1255 GMT - National Grid remains an attractive investment but its strong performance is baked into its current share price, RBC Capital Markets analysts write. The analysts downgrade the stock to sector perform from outperform, but raise its target price to 1,175 pence a share from 1,150 pence. The company has no imminent catalyst that is likely to lead to a revision to its earnings per share profile, they write. There are some regulatory risks related to RIIO-T3 determinations--which involve the examination of energy providers' business plans by regulator Ofgem--later this summer, they add. Shares trade down 0.6% at 1,078.50 pence.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
May 28, 2025 08:55 ET (12:55 GMT)
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