National Grid plc’s (NG) Overweight Rating Reiterated at J P Morgan Chase & Co
J P Morgan Chase & Co reissued their overweight rating on shares of National Grid plc (LON:NG) in a research note released on Thursday. They currently have a GBX 1,060 ($13.69) target price on the stock.
NG has been the topic of several other research reports. Goldman Sachs Group, Inc. (The) set a GBX 855 ($11.04) price target on shares of National Grid plc and gave the company a sell rating in a research note on Friday, May 19th. Barclays PLC restated an equal weight rating and issued a GBX 1,075 ($13.88) price target on shares of National Grid plc in a research note on Friday, May 19th. Morgan Stanley set a GBX 1,125 ($14.53) price target on shares of National Grid plc and gave the company a buy rating in a research note on Monday, May 29th. Credit Suisse Group restated an underperform rating and issued a GBX 850 ($10.98) price target on shares of National Grid plc in a research note on Friday, July 21st. Finally, Deutsche Bank AG restated a sell rating and issued a GBX 900 ($11.62) price target on shares of National Grid plc in a research note on Wednesday, September 6th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 1,008.80 ($13.03).
National Grid plc (LON:NG) opened at 953.90 on Thursday. National Grid plc has a 12 month low of GBX 921.20 and a 12 month high of GBX 1,220.29. The company has a 50-day moving average price of GBX 961.48 and a 200 day moving average price of GBX 1,030.16. The firm’s market cap is GBX 32.82 billion.
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In other National Grid plc news, insider Andrew R. J. Bonfield sold 22,191 shares of National Grid plc stock in a transaction on Monday, June 19th. The shares were sold at an average price of GBX 1,021 ($13.19), for a total transaction of £226,570.11 ($292,612.82). Also, insider Andrew R. J. Bonfield sold 14,710 shares of National Grid plc stock in a transaction on Monday, July 31st. The shares were sold at an average price of GBX 939 ($12.13), for a total transaction of £138,126.90 ($178,389.38). Insiders purchased a total of 42 shares of company stock valued at $40,149 in the last ninety days.
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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