National Grid plc (NG) Stock Rating Reaffirmed by JPMorgan Chase & Co.
National Grid plc (LON:NG)‘s stock had its “overweight” rating reiterated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday. They presently have a GBX 1,200 ($15.98) target price on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 14.01% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Jefferies Group reiterated a “hold” rating and issued a GBX 950 ($12.65) target price on shares of National Grid plc in a research report on Thursday, May 19th. Beaufort Securities reiterated a “buy” rating on shares of National Grid plc in a research report on Friday, May 20th. BNP Paribas set a GBX 830 ($11.05) target price on National Grid plc and gave the stock a “sell” rating in a research report on Friday, May 20th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 900 ($11.99) target price on shares of National Grid plc in a research report on Monday, May 23rd. Finally, HSBC reiterated a “buy” rating and issued a GBX 1,080 ($14.38) target price on shares of National Grid plc in a research report on Wednesday, June 8th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 988.67 ($13.17).
Shares of National Grid plc (LON:NG) opened at 1048.5553 on Thursday. National Grid plc has a 12-month low of GBX 824.00 and a 12-month high of GBX 1,148.00. The firm has a 50-day moving average price of GBX 1,070.72 and a 200 day moving average price of GBX 1,022.42. The stock’s market cap is GBX 39.29 billion.
In related news, insider Pettigrew,John sold 21,949 shares of the stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of GBX 1,096 ($14.60), for a total value 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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