National Grid plc (NG) Receives GBX 1,008.80 Average Price Target from Brokerages
National Grid plc (LON:NG) has received an average rating of “Hold” from the sixteen analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 1,008.80 ($13.38).
NG has been the subject of a number of recent research reports. HSBC Holdings plc upgraded National Grid plc to a “buy” rating and lifted their price objective for the company from GBX 1,050 ($13.93) to GBX 1,060 ($14.06) in a research note on Thursday, July 13th. Citigroup Inc. set a GBX 1,126 ($14.94) target price on National Grid plc and gave the stock a “buy” rating in a report on Tuesday, June 20th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,050 ($13.93) target price on shares of National Grid plc in a research note on Tuesday, August 1st. Barclays PLC increased their target price on National Grid plc from GBX 1,075 ($14.26) to GBX 1,095 ($14.52) and gave the stock an “equal weight” rating in a research note on Monday, June 12th. Finally, BNP Paribas restated a “neutral” rating and set a GBX 1,000 ($13.26) price target on shares of National Grid plc in a report on Friday, July 21st.
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Shares of National Grid plc (LON:NG) traded up 1.36% during mid-day trading on Wednesday, hitting GBX 937.20. The stock had a trading volume of 4,511,366 shares. The firm’s market cap is GBX 32.25 billion. The stock’s 50-day moving average price is GBX 958.46 and its 200-day moving average price is GBX 1,019.76. National Grid plc has a 52-week low of GBX 888.90 and a 52-week high of GBX 1,118.60.
In other news, insider Andrew R. J. Bonfield sold 14,710 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of GBX 939 ($12.46), for a total transaction of £138,126.90 ($183,216.47). Insiders bought 42 shares of company stock valued at $40,149 over 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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