Aside from H1 results that demonstrated strong operational execution in the UK and reiteration of US rate filing prospects, National Grid has announced the intended sale of a majority stake in its UK gas business. The prospect of shareholder returns and long-term stronger growth outlook from the deal underpins the attraction of the company’s combination of growth and yield. Our new valuation range is 874-1,067p per share ($66.5-81.2/ADR).
18 Nov 2015
Focus on growth with shareholder returns
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Focus on growth with shareholder returns
National Grid plc (NG:LON) | 1,066 48 0.4% | Mkt Cap: 39,662m
- Published:
18 Nov 2015 -
Author:
Roger Johnston -
Pages:
5
Aside from H1 results that demonstrated strong operational execution in the UK and reiteration of US rate filing prospects, National Grid has announced the intended sale of a majority stake in its UK gas business. The prospect of shareholder returns and long-term stronger growth outlook from the deal underpins the attraction of the company’s combination of growth and yield. Our new valuation range is 874-1,067p per share ($66.5-81.2/ADR).