National Grid plc’s (NG) “Hold” Rating Reaffirmed at Jefferies Group
National Grid plc (LON:NG)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group in a report issued on Thursday.
Several other research analysts have also recently commented on NG. Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 820 ($10.70) target price on shares of National Grid plc in a report on Monday, July 4th. HSBC set a GBX 1,185 ($15.47) target price on shares of National Grid plc and gave the stock a “buy” rating in a report on Friday, July 22nd. Deutsche Bank AG raised their target price on shares of National Grid plc from GBX 920 ($12.01) to GBX 1,040 ($13.58) and gave the stock a “hold” rating in a report on Monday, September 12th. BNP Paribas reaffirmed an “underperform” rating and set a GBX 830 ($10.83) target price on shares of National Grid plc in a report on Wednesday, July 27th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 970 ($12.66) target price on shares of National Grid plc in a report on Wednesday, July 20th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. National Grid plc currently has a consensus rating of “Hold” and a consensus target price of GBX 988.67 ($12.91).
National Grid plc (LON:NG) opened at 1060.50 on Thursday. The firm’s market cap is GBX 39.74 billion. National Grid plc has a 12-month low of GBX 850.50 and a 12-month high of GBX 1,148.00. The firm’s 50-day moving average price is GBX 1,068.50 and its 200 day moving average price is GBX 1,025.45.
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In other news, insider Pettigrew,John sold 21,949 shares of National Grid plc stock in a transaction on Monday, July 18th. The shares were sold at an average price of GBX 1,096 ($14.31), for a total transaction of £240,561.04 ($314,007.36).
National Grid plc Company Profile
National Grid Plc is an electricity and gas utility company. The UK Electricity Transmission includes high voltage electricity transmission networks in Great Britain. Its UK Gas Transmission provides the gas transmission network in Great Britain and UK liquefied natural gas (LNG) storage activities. The Company’s UK Gas Distribution includes four of the eight regional networks of Great Britain’s gas distribution system.
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