J P Morgan Chase & Co Reiterates Overweight Rating for National Grid plc (NG)
J P Morgan Chase & Co reaffirmed their overweight rating on shares of National Grid plc (LON:NG) in a report released on Thursday morning. J P Morgan Chase & Co currently has a GBX 1,060 ($13.69) target price on the stock.
A number of other research firms have also recently weighed in on NG. Deutsche Bank AG reduced their price target on National Grid plc from GBX 950 ($12.27) to GBX 900 ($11.62) and set a sell rating for the company in a report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) set a GBX 855 ($11.04) price target on National Grid plc and gave the stock a sell rating in a report on Friday, May 19th. Berenberg Bank reaffirmed a buy rating and issued a GBX 1,050 ($13.56) price target on shares of National Grid plc in a report on Tuesday, August 1st. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 1,060 ($13.69) price target on shares of National Grid plc in a report on Wednesday, September 6th. Finally, Barclays PLC set a GBX 1,075 ($13.88) price target on National Grid plc and gave the stock a neutral rating in a report on Monday, May 29th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 1,008.80 ($13.03).
National Grid plc (LON NG) opened at 953.90 on Thursday. National Grid plc has a 1-year low of GBX 888.90 and a 1-year high of GBX 1,118.60. The company’s market cap is GBX 32.82 billion. The stock has a 50 day moving average price of GBX 961.48 and a 200 day moving average price of GBX 1,030.16.
In other National Grid plc news, insider Andrew R. J. Bonfield sold 14,710 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of GBX 939 ($12.13), for a total transaction of £138,126.90 ($178,389.38). Insiders have acquired 42 shares of company stock valued at $40,149 in the last three months.
National Grid plc Company Profile
National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.
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