Analysts’ Top Utilities Picks: NGG, APUBy Carrie Williams
Analysts fell to the sidelines weighing in on National Grid Transco Plc (NYSE: NGG) and Amerigas Partners L.P. (NYSE: APU) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
National Grid Transco Plc (NYSE: NGG)
Merrill Lynch analyst Fraser McLaren reiterated a Hold rating on National Grid Transco Plc (NYSE: NGG) today and set a price target of $69.06. The company’s shares opened today at $59.96, close to its 52-week low of $58.07.
National Grid Transco Plc has an analyst consensus of Hold.
Amerigas Partners L.P. (NYSE: APU)
According to TipRanks.com, Tonet is a 4-star analyst with an average return of 3.8% and a 49.1% success rate. Tonet covers the Basic Materials sector, focusing on stocks such as Calumet Specialty Products, Dcp Midstream Partners Lp, and Antero Midstream Partners.
Currently, the analyst consensus on Amerigas Partners L.P. is Hold and the average price target is $48, representing a 5.7% upside.
In a report released yesterday, Jefferies also reiterated a Hold rating on the stock with a $48 price target.