National Grid plc (NG) Given New GBX 900 Price Target at Deutsche Bank AG
National Grid plc (LON:NG) had its price objective trimmed by Deutsche Bank AG from GBX 950 ($12.33) to GBX 900 ($11.68) in a research report report published on Thursday morning, Marketbeat Ratings reports. The firm currently has a sell rating on the stock.
NG has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) reaffirmed a sell rating and issued a GBX 946 ($12.28) price objective on shares of National Grid plc in a research note on Thursday, May 25th. Morgan Stanley dropped their price objective on National Grid plc from GBX 1,125 ($14.60) to GBX 1,100 ($14.28) and set an overweight rating for the company in a research note on Tuesday, July 18th. Macquarie raised National Grid plc to a neutral rating and lifted their price objective for the company from GBX 880 ($11.42) to GBX 1,005 ($13.05) in a research note on Friday, April 21st. Barclays PLC lifted their price objective on National Grid plc from GBX 1,075 ($13.96) to GBX 1,095 ($14.22) and gave the company an equal weight rating in a research note on Monday, June 12th. Finally, J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 1,100 ($14.28) price objective on shares of National Grid plc in a research note on Friday, May 19th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. National Grid plc presently has an average rating of Hold and an average target price of GBX 1,011.47 ($13.13).
Shares of National Grid plc (NG) opened at 960.30 on Thursday. The firm has a 50 day moving average price of GBX 947.01 and a 200 day moving average price of GBX 1,039.72. The stock’s market capitalization is GBX 33.05 billion. National Grid plc has a one year low of GBX 888.90 and a one year high of GBX 1,118.60.
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In other National Grid plc news, insider Andrew R. J. Bonfield sold 14,710 shares of National Grid plc stock in a transaction dated Monday, July 31st. The stock was sold at an average price of GBX 939 ($12.19), for a total transaction of £138,126.90 ($179,315.72). Also, insider Andrew R. J. Bonfield sold 22,191 shares of National Grid plc stock in a transaction dated Monday, June 19th. The stock was sold at an average price of GBX 1,021 ($13.25), for a total value of £226,570.11 ($294,132.30). Insiders have purchased a total of 4,615 shares of company stock valued at $4,705,269 over the last three months.
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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