JPMorgan Chase & Co. Reaffirms “Overweight” Rating for National Grid plc (NG)
JPMorgan Chase & Co. reiterated their overweight rating on shares of National Grid plc (LON:NG) in a report published on Thursday. The brokerage currently has a GBX 1,200 ($15.66) price target on the stock.
Several other brokerages also recently commented on NG. BNP Paribas restated an underperform rating and set a GBX 830 ($10.83) price objective on shares of National Grid plc in a research report on Wednesday, July 27th. Credit Suisse Group AG boosted their price objective on shares of National Grid plc from GBX 820 ($10.70) to GBX 840 ($10.96) and gave the company an underperform rating in a research report on Wednesday, July 27th. Royal Bank Of Canada downgraded shares of National Grid plc to a sector performer rating and boosted their price objective for the company from GBX 1,000 ($13.05) to GBX 1,080 ($14.10) in a research report on Friday, July 29th. HSBC set a GBX 1,185 ($15.47) price objective on shares of National Grid plc and gave the company a buy rating in a research report on Friday, July 22nd. Finally, Berenberg Bank restated a hold rating and set a GBX 970 ($12.66) price objective on shares of National Grid plc in a research report on Wednesday, July 20th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 988.67 ($12.91).
National Grid plc (LON:NG) opened at 1072.50 on Thursday. National Grid plc has a 1-year low of GBX 848.28 and a 1-year high of GBX 1,148.00. The firm’s market cap is GBX 40.18 billion. The stock has a 50 day moving average price of GBX 1,069.33 and a 200-day moving average price of GBX 1,023.70.
In other National Grid plc news, insider Pettigrew,John sold 21,949 shares of the company’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of GBX 1,096 ($14.31), for a total value of £240,561.04 ($314,007.36).
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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