National Grid plc (LON:NG) Receives GBX 989.92 Consensus Price Target from Analysts
Shares of National Grid plc (LON:NG) have received a consensus rating of “Hold” from the seventeen analysts that are currently covering the company. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 993.25 ($12.97).
NG has been the subject of several research analyst reports. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a GBX 820 ($10.70) price objective on shares of National Grid plc in a research report on Monday, July 4th. 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. Deutsche Bank AG increased their price objective on shares of National Grid plc from GBX 920 ($12.01) to GBX 1,040 ($13.58) and gave the company a “hold” rating in a research report on Monday, September 12th. Jefferies Group reaffirmed a “hold” rating on shares of National Grid plc in a research report on Thursday. Finally, BNP Paribas reaffirmed an “underperform” rating and issued a GBX 830 ($10.83) price objective on shares of National Grid plc in a research report on Wednesday, July 27th.
In other news, insider Pettigrew,John sold 21,949 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of GBX 1,096 ($14.31), for a total transaction of £240,561.04 ($314,007.36).
National Grid plc (LON:NG) opened at 1070.00 on Monday. National Grid plc has a 12-month low of GBX 850.50 and a 12-month high of GBX 1,148.00. The stock’s market cap is GBX 40.09 billion. The stock has a 50 day moving average of GBX 1,068.50 and a 200 day moving average of GBX 1,025.45.
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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