National Grid plc (LON:NG)‘s stock had its “sell” rating reissued by equities researchers at Deutsche Bank AG in a research note issued to investors on Friday. They presently have a GBX 900 ($11.68) price objective on the stock. Deutsche Bank AG’s target price would indicate a potential downside of 7.44% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. HSBC Holdings plc restated a “buy” rating and set a GBX 1,060 ($13.76) price objective on shares of National Grid plc in a report on Thursday, May 18th. Morgan Stanley decreased 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 report on Tuesday, July 18th. Barclays PLC set a GBX 1,075 ($13.96) price objective on National Grid plc and gave the company a “neutral” rating in a report on Monday, May 29th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a GBX 946 ($12.28) price objective on shares of National Grid plc in a report on Thursday, May 25th. Finally, Citigroup Inc. set a GBX 1,126 ($14.62) price target on National Grid plc and gave the stock a “buy” rating in a report on Tuesday, June 20th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. National Grid plc has an average rating of “Hold” and an average target price of GBX 1,011.47 ($13.13).

National Grid plc (LON NG) opened at 971.10 on Friday. The company’s 50-day moving average is GBX 948.90 and its 200-day moving average is GBX 1,038.92. The stock’s market capitalization is GBX 33.42 billion. National Grid plc has a 12 month low of GBX 888.90 and a 12 month high of GBX 1,118.60.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international copyright & trademark law. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/25/national-grid-plcs-ng-sell-rating-reaffirmed-at-deutsche-bank-ag.html.

In other news, insider Andrew R. J. Bonfield sold 14,710 shares of National Grid plc stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of GBX 939 ($12.19), for a total value of £138,126.90 ($179,315.72). Also, insider Dean Seavers acquired 4,574 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was acquired at an average price of GBX 1,020 ($13.24) per share, for a total transaction of £46,654.80 ($60,567.05). Over the last 90 days, insiders have purchased 4,615 shares of company stock worth $4,705,269.

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.

Analyst Recommendations for National Grid plc (LON:NG)

Receive News & Stock Ratings for National Grid plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid plc and related stocks with our FREE daily email newsletter.