National Grid plc (NG) Earns Overweight Rating from Barclays PLC
Barclays PLC reaffirmed their overweight rating on shares of National Grid plc (LON:NG) in a research report report published on Tuesday. They currently have a GBX 1,175 ($15.34) price objective on the stock.
NG has been the subject of several other research reports. HSBC reaffirmed a buy rating and issued a GBX 1,185 ($15.47) price target on shares of National Grid plc in a research report on Tuesday, August 2nd. Beaufort Securities reaffirmed a buy rating on shares of National Grid plc in a research report on Friday, August 19th. Royal Bank Of Canada cut shares of National Grid plc to a sector performer rating and upped their price target for the stock from GBX 1,000 ($13.05) to GBX 1,080 ($14.10) in a research report on Friday, July 29th. Citigroup Inc. reaffirmed a neutral rating on shares of National Grid plc in a research report on Wednesday, August 3rd. Finally, BNP Paribas reaffirmed an underperform rating and issued a GBX 830 ($10.83) price target on shares of National Grid plc in a research report on Tuesday, September 13th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 996 ($13.00).
Shares of National Grid plc (LON:NG) opened at 1038.50 on Tuesday. The company’s market cap is GBX 38.91 billion. National Grid plc has a 52-week low of GBX 890.60 and a 52-week high of GBX 1,148.00. The firm has a 50-day moving average of GBX 1,069.58 and a 200-day moving average of GBX 1,034.59.
In other news, insider Pettigrew,John sold 21,949 shares of the 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.
Receive News & Ratings for National Grid plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid plc and related companies with MarketBeat.com's FREE daily email newsletter.