BNP Paribas Reaffirms “Underperform” Rating for National Grid plc (NG)
Several other analysts have also recently commented on NG. Deutsche Bank AG lifted their target price on shares of National Grid plc from GBX 920 ($12.01) to GBX 1,040 ($13.58) and gave the stock a hold rating in a research note on Monday, September 12th. Credit Suisse Group AG reaffirmed an underperform rating and issued a GBX 840 ($10.96) target price on shares of National Grid plc in a research note on Thursday, September 8th. Beaufort Securities reaffirmed a buy rating on shares of National Grid plc in a research note on Thursday, August 25th. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 1,200 ($15.66) target price on shares of National Grid plc in a research note on Thursday, September 15th. Finally, Barclays PLC reaffirmed an overweight rating and issued a GBX 1,175 ($15.34) target price on shares of National Grid plc in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. National Grid plc currently has a consensus rating of Hold and a consensus price target of GBX 996 ($13.00).
Shares of National Grid plc (LON:NG) opened at 1038.00 on Tuesday. The firm has a 50-day moving average price of GBX 1,070.43 and a 200-day moving average price of GBX 1,034.55. The firm’s market capitalization is GBX 38.89 billion. National Grid plc has a 1-year low of GBX 890.60 and a 1-year high of GBX 1,148.00.
In other National Grid plc news, insider Pettigrew,John sold 21,949 shares of the business’s stock in a transaction on 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 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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