National Grid plc’s (NG) Underperform Rating Reaffirmed at BNP Paribas

BNP Paribas reiterated their underperform rating on shares of National Grid plc (LON:NG) in a report issued on Tuesday. They currently have a GBX 830 ($10.83) price objective on the stock.

Other research analysts have also recently issued research reports about the company. HSBC reiterated a buy rating and set a GBX 1,185 ($15.47) price objective on shares of National Grid plc in a research note on Tuesday, August 2nd. Beaufort Securities reiterated a buy rating on shares of National Grid plc in a research note on Friday, August 19th. Berenberg Bank restated a hold rating and issued a GBX 970 ($12.66) price target on shares of National Grid plc in a research note on Wednesday, July 20th. Deutsche Bank AG boosted their price target on National Grid plc from GBX 920 ($12.01) to GBX 1,040 ($13.58) and gave the stock a hold rating in a research note on Monday, September 12th. Finally, Jefferies Group restated a hold rating on shares of National Grid plc in a research note on Thursday, September 22nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 996 ($13.00).

National Grid plc (LON:NG) traded down 2.29% on Tuesday, reaching GBX 1076.25. The company had a trading volume of 6,027,519 shares. The stock’s 50-day moving average price is GBX 1,071.71 and its 200-day moving average price is GBX 1,033.65. National Grid plc has a 12-month low of GBX 890.60 and a 12-month high of GBX 1,148.00. The stock’s market capitalization is GBX 40.33 billion.

In other news, insider Pettigrew,John sold 21,949 shares of the business’s stock in a transaction dated Monday, July 18th. The stock was sold at an average price of GBX 1,096 ($14.31), for a total value 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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