National Grid plc’s (NG) Underperform Rating Reaffirmed at BNP Paribas
A number of other brokerages have also commented on NG. Barclays PLC reissued an overweight rating and set a GBX 1,175 ($15.34) price objective on shares of National Grid plc in a report on Tuesday. Credit Suisse Group AG reissued an underperform rating and set a GBX 820 ($10.70) price objective on shares of National Grid plc in a report on Monday, July 4th. HSBC set a GBX 1,185 ($15.47) price objective on shares of National Grid plc and gave the stock a buy rating in a report on Friday, July 22nd. Deutsche Bank AG increased their price objective on shares of National Grid plc from GBX 920 ($12.01) to GBX 1,040 ($13.58) and gave the stock a hold rating in a report on Monday, September 12th. Finally, Jefferies Group reissued a hold rating on shares of National Grid plc in a report on Thursday, September 22nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 996 ($13.00).
National Grid plc (LON:NG) traded down 2.29% during mid-day trading on Tuesday, hitting GBX 1076.25. 6,027,519 shares of the company’s stock were exchanged. The stock’s market capitalization is GBX 40.33 billion. National Grid plc has a 52 week low of GBX 890.60 and a 52 week high of GBX 1,148.00. The firm has a 50 day moving average of GBX 1,071.71 and a 200 day moving average of GBX 1,033.65.
In other news, insider Pettigrew,John sold 21,949 shares of National Grid plc stock in a transaction on Monday, July 18th. The stock was 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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