10) National Grid (NG.)

Will shares return to to year lows at 805p (-28%) or post fresh all-time highs above 1150p (+3%)?
- 12 month uptrend and post-Brexit breakout
- Bullish flag pattern confirmed?
- Directional indicators diverging bullishly
- Consensus may need revising given 10% downside on average target
Broker Consensus: 20% Buy, 55% Hold, 25% Sell
Bullish: J.P. Morgan, Overweight, Target 1200p, +8% (15 Sept)
Average Target: 984p, -10% (29 Sept)
Bearish: Societe Generale, Sell, Target 790p, -29% (2 Aug)
N.B. All pricing and consensus data was sourced from Bloomberg on 29 Sept. Recommendations and target prices are revised regularly due to heightened market volatility. Please contact us for a full, up to date rundown.
