Andrew R. J. Bonfield Acquires 15 Shares of National Grid plc (NG) Stock
National Grid plc (LON:NG) insider Andrew R. J. Bonfield purchased 15 shares of the stock in a transaction dated Friday, October 7th. The stock was acquired at an average cost of GBX 1,045 ($12.93) per share, for a total transaction of £156.75 ($194.00).
National Grid plc (LON:NG) opened at 1046.50 on Thursday. National Grid plc has a 52-week low of GBX 890.60 and a 52-week high of GBX 1,148.00. The company has a 50-day moving average of GBX 1,066.82 and a 200 day moving average of GBX 1,036.42. The company’s market cap is GBX 39.21 billion.
Several equities research analysts have recently issued reports on the company. Credit Suisse Group AG raised their price target on National Grid plc from GBX 820 ($10.15) to GBX 840 ($10.40) and gave the company an “underperform” rating in a research report on Wednesday, July 27th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 830 ($10.27) price target on shares of National Grid plc in a research report on Wednesday, July 27th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,175 ($14.54) price target on shares of National Grid plc in a research report on Tuesday, October 4th. Royal Bank Of Canada downgraded National Grid plc to a “sector performer” rating and raised their price target for the company from GBX 1,000 ($12.38) to GBX 1,080 ($13.37) in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. raised their price target on National Grid plc from GBX 1,050 ($13.00) to GBX 1,150 ($14.23) and gave the company an “overweight” rating in a research report on Friday, July 22nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 996 ($12.33).
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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