National Grid plc (NG) Receives “Overweight” Rating from Barclays PLC
Barclays PLC reissued their overweight rating on shares of National Grid plc (LON:NG) in a research note released on Tuesday. The brokerage currently has a GBX 1,175 ($15.34) price target on the stock.
NG has been the subject of several other research reports. Credit Suisse Group AG reissued an underperform rating and issued a GBX 840 ($10.96) price target on shares of National Grid plc in a research report on Friday, August 26th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 1,200 ($15.66) price objective on shares of National Grid plc in a report on Thursday, September 15th. HSBC reaffirmed a buy rating and set a GBX 1,095 ($14.29) price objective on shares of National Grid plc in a report on Monday, June 27th. BNP Paribas reaffirmed an underperform rating and set a GBX 830 ($10.83) price objective on shares of National Grid plc in a report on Tuesday, September 13th. Finally, Beaufort Securities reaffirmed a buy rating on shares of National Grid plc in a report on Thursday, August 25th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 996 ($13.00).
National Grid plc (LON:NG) opened at 1080.00 on Tuesday. The firm has a 50 day moving average price of GBX 1,071.71 and a 200 day moving average price of 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 company’s market cap is GBX 40.47 billion.
In other news, insider Pettigrew,John sold 21,949 shares of National Grid plc 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 value of £240,561.04 ($314,007.36).
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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