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DJ National Grid Looks Set for Strong Investment Growth -- Market Talk
4:06 AM ET 01/15/2024 | Dow Jones

National Grid looks set for strong investment growth in both the U.K. and U.S., Deutsche Bank analysts James Brand and Olly Jeffery write in a research note. They estimate its regulatory asset base, or RAB, could grow by 9%-10% per annum for a number of years. The U.K. utility is earning attractive returns in a peer group context, although partly due to higher than normal leverage, they say. "There is some investor concern around its balance sheet, although it has very saleable assets and there is potentially a nice virtuous cycle of selling assets at a premium and reinvesting at RAB." The German bank upgrades its stock rating to buy from hold and its price target to 1,150 pence from 1,020 pence. Shares are up 0.8% at 1,072.00 pence.

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DJ National Grid看似在強勁的投資增長道路上--市場評論
2024年1月15日上午4:06 | 道瓊斯

德意志銀行分析師詹姆斯·布蘭德和奧利·傑弗裡在一份研究報告中寫道，國家電網在英國和美國都似乎將迎來強勁的投資增長。他們估計其監管資產基礎（RAB）可能在未來數年內每年增長9%-10%。他們表示，這家英國公用事業公司在同行業內取得了吸引人的回報，儘管部分原因是由於高於正常水平的槓桿。他們表示："投資者對其資產負債表存在一些擔憂，儘管它擁有非常具有賣點的資產，並且可能存在以優惠價格出售資產並以RAB再投資的良好循環。" 德國銀行將其股票評級從持有升級為買入，將目標價從1,020便士上調至1,150便士。股價上漲0.8%，報1,072.00便士。