National Grid plc (LON:NG) Given “Sell” Rating at Deutsche Bank AG
Deutsche Bank AG reissued their sell rating on shares of National Grid plc (LON:NG) in a report released on Friday, June 23rd. Deutsche Bank AG currently has a GBX 950 ($12.31) price target on the stock.
A number of other analysts also recently commented on NG. Goldman Sachs Group, Inc. (The) upped their price objective on National Grid plc from GBX 854 ($11.06) to GBX 855 ($11.08) and gave the stock a sell rating in a report on Tuesday, February 28th. BNP Paribas reissued an underperform rating and issued a GBX 830 ($10.75) price objective on shares of National Grid plc in a research report on Monday, March 20th. Societe Generale set a GBX 990 ($12.82) price objective on shares of National Grid plc and gave the company a neutral rating in a research report on Monday, March 20th. J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 1,100 ($14.25) price target on shares of National Grid plc in a research report on Friday, March 24th. Finally, Morgan Stanley reaffirmed an overweight rating and set a GBX 1,100 ($14.25) price target on shares of National Grid plc in a research report on Friday, March 24th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. National Grid plc presently has an average rating of Hold and an average price target of GBX 1,016.47 ($13.17).
Shares of National Grid plc (LON NG) traded down 0.56% on Friday, reaching GBX 930.10. The company’s stock had a trading volume of 6,035,196 shares. The stock’s market cap is GBX 32.01 billion. National Grid plc has a 12-month low of GBX 888.90 and a 12-month high of GBX 1,127.34. The firm has a 50 day moving average price of GBX 1,050.47 and a 200-day moving average price of GBX 1,058.70.
The company also recently announced a dividend, which will be paid on Wednesday, August 16th. Investors of record on Thursday, June 1st will be issued a GBX 29.10 ($0.38) dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a yield of 2.74%.
In other news, insider Andrew R. J. Bonfield sold 22,191 shares of National Grid plc stock in a transaction dated Monday, June 19th. The shares were sold at an average price of GBX 1,021 ($13.23), for a total transaction of £226,570.11 ($293,484.60). Also, insider Dean Seavers bought 4,574 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were acquired at an average price of GBX 1,020 ($13.21) per share, for a total transaction of £46,654.80 ($60,433.68). Insiders purchased a total of 4,616 shares of company stock worth $4,707,424 in the last quarter.
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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