Andrew R. J. Bonfield Buys 15 Shares of National Grid plc (NG) Stock
National Grid plc (LON:NG) insider Andrew R. J. Bonfield acquired 15 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The shares were acquired at an average cost of GBX 1,045 ($12.93) per share, with a total value of £156.75 ($194.00).
Shares of National Grid plc (LON:NG) opened at 1057.50 on Tuesday. National Grid plc has a 52-week low of GBX 890.60 and a 52-week high of GBX 1,148.00. The company’s market capitalization is GBX 39.62 billion. The company’s 50-day moving average price is GBX 1,068.38 and its 200-day moving average price is GBX 1,036.11.
NG has been the subject of several research analyst reports. Barclays PLC reissued an “overweight” rating and set a GBX 1,175 ($14.54) price objective on shares of National Grid plc in a research report on Tuesday, October 4th. Credit Suisse Group AG reissued an “underperform” rating and set a GBX 840 ($10.40) price objective on shares of National Grid plc in a research report on Friday, August 26th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,200 ($14.85) price objective on shares of National Grid plc in a research report on Thursday, September 15th. HSBC reissued a “buy” rating and set a GBX 1,095 ($13.55) price objective on shares of National Grid plc in a research report on Monday, June 27th. Finally, BNP Paribas reissued an “underperform” rating and set a GBX 830 ($10.27) price objective on shares of National Grid plc in a research report on Tuesday, September 13th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 996 ($12.33).
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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