Barclays PLC Reaffirms Overweight Rating for National Grid plc (NG)
National Grid plc (LON:NG)‘s stock had its “overweight” rating reaffirmed by stock analysts at Barclays PLC in a research report issued to clients and investors on Tuesday. They presently have a GBX 1,175 ($15.34) price target on the stock. Barclays PLC’s price objective suggests a potential upside of 13.04% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. HSBC reiterated a “buy” rating and issued a GBX 1,095 ($14.29) price target on shares of National Grid plc in a research report on Monday, June 27th. Beaufort Securities reiterated a “buy” rating on shares of National Grid plc in a research report on Friday, August 19th. Berenberg Bank reiterated a “hold” rating and issued a GBX 970 ($12.66) price target on shares of National Grid plc in a research report on Wednesday, July 20th. Deutsche Bank AG lifted their price target on National Grid plc from GBX 920 ($12.01) to GBX 1,040 ($13.58) and gave the company a “hold” rating in a research report on Monday, September 12th. Finally, Jefferies Group reiterated a “hold” rating on shares of National Grid plc in a research report on Thursday, September 22nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. National Grid plc currently has a consensus rating of “Hold” and a consensus price target of GBX 996 ($13.00).
National Grid plc (LON:NG) traded down 1.748582% during trading on Tuesday, reaching GBX 1041.274536. The company’s stock had a trading volume of 16,552,020 shares. National Grid plc has a 52-week low of GBX 890.60 and a 52-week high of GBX 1,148.00. The stock has a 50-day moving average price of GBX 1,069.58 and a 200 day moving average price of GBX 1,034.59. The company’s market cap is GBX 39201.52 billion.
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In other news, insider Pettigrew,John sold 21,949 shares of the business’s stock in a transaction dated Monday, July 18th. The stock was sold at an average price of GBX 1,096 ($14.31), for a total value of £240,561.04 ($314,007.36).
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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