National Grid plc (NG) Price Target Lowered to GBX 900 at Deutsche Bank AG
National Grid plc (LON:NG) had its price target lowered by investment analysts at Deutsche Bank AG from GBX 950 ($12.33) to GBX 900 ($11.68) in a research note issued to investors on Thursday. The firm currently has a “sell” rating on the stock. Deutsche Bank AG’s price objective points to a potential downside of 6.67% from the stock’s previous close.
A number of other equities research analysts also recently commented on NG. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,050 ($13.63) price objective on shares of National Grid plc in a research report on Tuesday, August 1st. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 1,075 ($13.96) price objective on shares of National Grid plc in a research report on Friday, May 12th. Goldman Sachs Group, Inc. (The) set a GBX 855 ($11.10) price objective on National Grid plc and gave the company a “sell” rating in a research report on Friday, May 19th. Macquarie raised National Grid plc to a “neutral” rating and lifted their price objective for the company from GBX 880 ($11.42) to GBX 1,005 ($13.05) in a research report on Friday, April 21st. Finally, Royal Bank Of Canada downgraded National Grid plc to a “sector performer” rating and set a GBX 1,050 ($13.63) price objective for the company. in a research report on Thursday, May 4th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 1,011.47 ($13.13).
Shares of National Grid plc (LON NG) opened at 966.60 on Thursday. National Grid plc has a one year low of GBX 888.90 and a one year high of GBX 1,118.60. The stock’s market capitalization is GBX 33.26 billion. The firm has a 50-day moving average price of GBX 947.82 and a 200 day moving average price of GBX 1,040.80.
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In other National Grid plc news, insider Andrew R. J. Bonfield sold 14,710 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of GBX 939 ($12.19), for a total transaction of £138,126.90 ($179,315.72). Also, insider Dean Seavers acquired 4,574 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were purchased at an average price of GBX 1,020 ($13.24) per share, for a total transaction of £46,654.80 ($60,567.05). In the last quarter, insiders purchased 4,615 shares of company stock worth $4,705,269.
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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