National Grid plc (NG) Given “Sell” Rating at Deutsche Bank AG
Deutsche Bank AG reissued their sell rating on shares of National Grid plc (LON:NG) in a research report released on Friday. Deutsche Bank AG currently has a GBX 900 ($11.96) target price on the stock.
Other research analysts have also recently issued research reports about the company. J P Morgan Chase & Co reissued an overweight rating and issued a GBX 1,060 ($14.08) price target on shares of National Grid plc in a research note on Thursday, September 14th. Goldman Sachs Group Inc set a GBX 946 ($12.57) price target on National Grid plc and gave the stock a sell rating in a research note on Friday, June 30th. HSBC Holdings plc reissued a buy rating and issued a GBX 1,060 ($14.08) price target on shares of National Grid plc in a research note on Monday, October 9th. Credit Suisse Group reissued an underperform rating and issued a GBX 850 ($11.29) price target on shares of National Grid plc in a research note on Friday, July 21st. Finally, Morgan Stanley decreased their price target on National Grid plc from GBX 1,125 ($14.95) to GBX 1,100 ($14.62) and set an overweight rating for the company in a research note on Tuesday, July 18th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. National Grid plc presently has an average rating of Hold and an average target price of GBX 1,008.80 ($13.40).
National Grid plc (LON NG) traded down 0.96% during trading on Friday, reaching GBX 925.80. 5,329,001 shares of the company were exchanged. The firm’s 50 day moving average is GBX 946.27 and its 200 day moving average is GBX 1,005.13. National Grid plc has a 52-week low of GBX 910.30 and a 52-week high of GBX 1,174.36. The stock’s market capitalization is GBX 31.86 billion.
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In related news, insider Andrew R. J. Bonfield sold 14,710 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of GBX 939 ($12.48), for a total transaction of £138,126.90 ($183,532.95). Insiders have purchased 41 shares of company stock valued at $39,223 in the last ninety days.
About National Grid plc
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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