BNP Paribas Reiterates Underperform Rating for National Grid plc (NG)
National Grid plc (LON:NG)‘s stock had its “underperform” rating reaffirmed by BNP Paribas in a note issued to investors on Tuesday. They presently have a GBX 830 ($10.83) price target on the stock. BNP Paribas’ price objective points to a potential downside of 20.15% from the stock’s current price.
A number of other analysts have also commented on NG. HSBC reiterated a “buy” rating and set a GBX 1,080 ($14.10) price target on shares of National Grid plc in a report on Wednesday, June 8th. Credit Suisse Group AG reissued an “underperform” rating and issued a GBX 825 ($10.77) target price on shares of National Grid plc in a research report on Monday, June 13th. Berenberg Bank reissued a “hold” rating and issued a GBX 970 ($12.66) target price on shares of National Grid plc in a research report on Wednesday, July 20th. JPMorgan Chase & Co. raised their target price on National Grid plc from GBX 1,050 ($13.71) to GBX 1,150 ($15.01) and gave the stock an “overweight” rating in a research report on Friday, July 22nd. Finally, Royal Bank Of Canada downgraded National Grid plc to a “sector performer” rating and raised their target price for the stock from GBX 1,000 ($13.05) to GBX 1,080 ($14.10) in a research report on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. National Grid plc currently has an average rating of “Hold” and a consensus price target of GBX 996 ($13.00).
Shares of National Grid plc (LON:NG) traded down 1.75% during mid-day trading on Tuesday, hitting GBX 1039.50. The company had a trading volume of 16,552,020 shares. National Grid plc has a one year low of GBX 890.60 and a one year high of GBX 1,148.00. The company’s 50-day moving average is GBX 1,069.58 and its 200 day moving average is GBX 1,034.59. The company’s market capitalization is GBX 38.95 billion.
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In other National Grid plc news, insider Pettigrew,John sold 21,949 shares of National Grid plc 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 transaction of £240,561.04 ($314,007.36).
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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