National Grid plc’s (LON:NG) Buy Rating Reaffirmed at Berenberg Bank
Several other equities analysts have also issued reports on the company. BNP Paribas reiterated a neutral rating and issued a GBX 1,000 ($13.19) price target on shares of National Grid plc in a research note on Friday, July 21st. Morgan Stanley decreased their price target on National Grid plc from GBX 1,125 ($14.84) to GBX 1,100 ($14.51) and set an overweight rating on the stock in a research note on Tuesday, July 18th. Deutsche Bank AG reissued a hold rating and set a GBX 920 ($12.14) price objective on shares of National Grid plc in a report on Wednesday, May 17th. Barclays PLC reissued an equal weight rating and set a GBX 1,075 ($14.18) price objective on shares of National Grid plc in a report on Friday, May 12th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 855 ($11.28) price objective on National Grid plc and gave the company a sell rating in a report on Friday, May 19th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 1,014.80 ($13.39).
Shares of National Grid plc (NG) traded up 0.02% during mid-day trading on Tuesday, reaching GBX 944.40. The company had a trading volume of 3,045,035 shares. The firm’s 50 day moving average is GBX 962.16 and its 200-day moving average is GBX 1,045.89. The stock’s market capitalization is GBX 32.50 billion. National Grid plc has a 12-month low of GBX 888.90 and a 12-month high of GBX 1,127.34.
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The firm also recently disclosed a dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Thursday, June 1st will be paid a GBX 29.10 ($0.38) dividend. This represents a dividend yield of 2.74%. The ex-dividend date is Thursday, June 1st.
In other National Grid plc news, insider Andrew R. J. Bonfield sold 22,191 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of GBX 1,021 ($13.47), for a total transaction of £226,570.11 ($298,865.73). Also, insider Dean Seavers acquired 4,574 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were bought at an average cost of GBX 1,020 ($13.45) per share, with a total value of £46,654.80 ($61,541.75). Insiders bought a total of 4,616 shares of company stock worth $4,707,424 over the last three months.
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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