National Grid plc (NG) Receives Underperform Rating from Credit Suisse Group AG
National Grid plc (LON:NG)‘s stock had its “underperform” rating reaffirmed by Credit Suisse Group AG in a research report issued on Friday. They presently have a GBX 840 ($10.96) price target on the stock. Credit Suisse Group AG’s price target suggests a potential downside of 20.60% from the stock’s previous close.
A number of other brokerages also recently weighed in on NG. Barclays PLC reissued an “overweight” rating and issued a GBX 1,175 ($15.34) price target on shares of National Grid plc in a report on Tuesday. HSBC set a GBX 1,185 ($15.47) price target on shares of National Grid plc and gave the stock a “buy” rating in a report on Friday, July 22nd. Deutsche Bank AG boosted their price target 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. Jefferies Group reissued a “hold” rating on shares of National Grid plc in a report on Thursday, September 22nd. Finally, BNP Paribas reissued an “underperform” rating and issued a GBX 830 ($10.83) price target on shares of National Grid plc in a report on Wednesday, July 27th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 996 ($13.00).
Shares of National Grid plc (LON:NG) opened at 1058.00 on Friday. The firm’s 50-day moving average is GBX 1,070.43 and its 200-day moving average is GBX 1,034.55. National Grid plc has a 52 week low of GBX 890.60 and a 52 week high of GBX 1,148.00. The firm’s market capitalization is GBX 39.64 billion.
In other news, insider Pettigrew,John sold 21,949 shares of the company’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 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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