National Grid's Key Metric Rose, but Missed Consensus
Dow Jones
Nov 05
1125 GMT - National Grid's earnings were mediocre and the market will most likely focus on the evidence of strong continued progress in capital delivery and asset growth, Bernstein analysts write. The London-listed energy company reported a 13% rise in underlying EBIT for the first half year, although it missed a company-compiled consensus. It said capital investment was accelerating and that major projects were progressing. Bernstein has an outperform rating on the stock and 13.10-pound target price. Shares are up 2.6% at 12.98 pounds and 14% higher over the year to date.
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