Credit Suisse Group AG Reiterates Underperform Rating for National Grid plc (NG)
Credit Suisse Group AG reiterated their underperform rating on shares of National Grid plc (LON:NG) in a research report sent to investors on Friday morning. They currently have a GBX 840 ($10.40) price objective on the stock.
Several other analysts have also recently issued reports on the stock. BNP Paribas reaffirmed an underperform rating and issued a GBX 830 ($10.27) price target on shares of National Grid plc in a report on Tuesday, October 4th. Barclays PLC reaffirmed an overweight rating and issued a GBX 1,175 ($14.54) price target on shares of National Grid plc in a report on Tuesday, October 4th. Jefferies Group reaffirmed a hold rating on shares of National Grid plc in a report on Thursday, September 22nd. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 1,200 ($14.85) price target on shares of National Grid plc in a report on Thursday, September 15th. Finally, Deutsche Bank AG upped their price target on shares of National Grid plc from GBX 920 ($11.39) to GBX 1,040 ($12.87) and gave the company a hold rating in a report on Monday, September 12th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 996 ($12.33).
Shares of National Grid plc (LON:NG) opened at 1046.50 on Friday. National Grid plc has a one year low of GBX 890.60 and a one year high of GBX 1,148.00. The stock’s market cap is GBX 39.21 billion. The stock has a 50 day moving average of GBX 1,066.82 and a 200 day moving average of GBX 1,036.42.
In related news, insider Pettigrew,John sold 21,949 shares of the stock in a transaction dated Monday, July 18th. The shares were sold at an average price of GBX 1,096 ($13.56), for a total value of £240,561.04 ($297,724.06).
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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