National Grid plc (NG) Given a GBX 855 Price Target by Goldman Sachs Group Inc Analysts
National Grid plc (LON:NG) has been assigned a GBX 855 ($11.04) price target by stock analysts at Goldman Sachs Group Inc in a research report issued to clients and investors on Friday. The brokerage presently has a “sell” rating on the stock. Goldman Sachs Group Inc’s target price would indicate a potential downside of 18.88% from the stock’s current price.
Several other equities research analysts have also issued reports on NG. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 920 ($11.88) price target on shares of National Grid plc in a research note on Wednesday. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 1,075 ($13.88) price target on shares of National Grid plc in a research note on Friday. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 1,060 ($13.68) price target on shares of National Grid plc in a research note on Thursday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,100 ($14.20) price target on shares of National Grid plc in a research note on Friday. Finally, Royal Bank of Canada lowered National Grid plc to a “sector performer” rating and set a GBX 1,050 ($13.55) price target for the company. in a research note on Thursday, May 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,000.47 ($12.91).
Shares of National Grid plc (LON:NG) traded up 0.43% during trading on Friday, reaching GBX 1054.00. The company’s stock had a trading volume of 11,184,905 shares. National Grid plc has a 12-month low of GBX 888.90 and a 12-month high of GBX 1,148.00. The stock’s market cap is GBX 39.66 billion. The stock’s 50-day moving average is GBX 1,023.50 and its 200-day moving average is GBX 972.04.
The firm also recently declared a dividend, which will be paid on Wednesday, August 16th. Investors of record on Thursday, June 1st will be issued a dividend of GBX 29.10 ($0.38) per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a yield of 2.74%.
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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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