Barclays PLC restated their overweight rating on shares of National Grid plc (LON:NG) in a research report sent to investors on Tuesday. They currently have a GBX 1,175 ($15.34) price objective on the stock.
Several other research analysts have also issued reports on NG. HSBC reissued a buy rating and set a GBX 1,080 ($14.10) target price on shares of National Grid plc in a research note on Wednesday, June 8th. Credit Suisse Group AG reissued an underperform rating and set a GBX 825 ($10.77) target price on shares of National Grid plc in a research note on Monday, June 13th. BNP Paribas reissued an underperform rating and set a GBX 830 ($10.83) target price on shares of National Grid plc in a research note on Monday, June 27th. Berenberg Bank reissued a hold rating and set a GBX 970 ($12.66) target price on shares of National Grid plc in a research note on Wednesday, July 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of National Grid plc from GBX 1,050 ($13.71) to GBX 1,150 ($15.01) and gave the stock an overweight rating in a report on Friday, July 22nd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The company 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 1080.00 on Tuesday. National Grid plc has a one year low of GBX 890.60 and a one year high of GBX 1,148.00. The company’s 50 day moving average is GBX 1,071.71 and its 200 day moving average is GBX 1,033.65. The company’s market cap is GBX 40.47 billion.
In other National Grid plc 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 ($14.31), for a total transaction of £240,561.04 ($314,007.36).
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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