National Grid plc (NG) Given Underperform Rating at BNP Paribas
A number of other research analysts have also recently issued reports on NG. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 900 ($11.99) target price on shares of National Grid plc in a report on Sunday, May 29th. Credit Suisse Group AG reaffirmed an underperform rating and issued a GBX 840 ($11.19) target price on shares of National Grid plc in a report on Friday, August 26th. JPMorgan Chase & Co. increased their target price on shares of National Grid plc from GBX 1,150 ($15.32) to GBX 1,200 ($15.98) and gave the company an overweight rating in a report on Friday, September 9th. HSBC reaffirmed a buy rating and issued a GBX 1,095 ($14.58) target price on shares of National Grid plc in a report on Monday, June 27th. Finally, Beaufort Securities reaffirmed a buy rating on shares of National Grid plc in a report on Thursday, August 25th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 988.67 ($13.17).
National Grid plc (LON:NG) opened at 1068.8256 on Tuesday. The company has a 50-day moving average price of GBX 1,070.72 and a 200-day moving average price of GBX 1,022.42. National Grid plc has a 12-month low of GBX 824.00 and a 12-month high of GBX 1,148.00. The firm’s market capitalization is GBX 40.05 billion.
In related news, insider Pettigrew,John sold 21,949 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of GBX 1,096 ($14.60), for a total transaction of £240,561.04 ($320,406.29).
National Grid plc Company Profile
National Grid Plc is an electricity and gas utility company. The UK Electricity Transmission includes high voltage electricity transmission networks in Great Britain. Its UK Gas Transmission provides the gas transmission network in Great Britain and UK liquefied natural gas (LNG) storage activities. The Company’s UK Gas Distribution includes four of the eight regional networks of Great Britain’s gas distribution system.
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