National Grid hit by HSBC downgrade

first_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To whatsapp Share National Grid hit by HSBC downgrade Show Comments ▼center_img SHARES in National Grid shed 1.7 per cent yesterday as HSBC downgraded its rating on the power utility to “underweight” from “neutral”, on valuation grounds, underperforming a broadly weaker utilities sector.HSBC said in a note the networks regulation improvements are now priced in and failure to generate Ofgem savings could dilute long-term returns, while the benefit of the cold winter weather will only be temporary. National Grid’s shares have risen 6.6 per cent in 2011, compared to a 1.6 per cent rise on the FTSE 100, and are hovering near overbought territory on its relative strength index, HSBC said.National Grid trades on a forward price to earnings ratio of 12.4 times, roughly in line with its sector peers. KCS-content whatsapp Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tuesday 5 April 2011 7:27 pmlast_img read more