National Grid plc (NG) Given a GBX 920 Price Target at Deutsche Bank AG
National Grid plc (LON:NG) received a GBX 920 ($11.88) target price from equities researchers at Deutsche Bank AG in a note issued to investors on Saturday. The firm presently has a “neutral” rating on the stock. Deutsche Bank AG’s price objective would indicate a potential downside of 12.71% from the stock’s current price.
Other analysts have also issued research reports about the stock. Berenberg Bank upgraded shares of National Grid plc to a “buy” rating and lifted their price target for the stock from GBX 970 ($12.52) to GBX 1,050 ($13.55) in a research note on Friday, January 20th. HSBC Holdings plc dropped their price target on shares of National Grid plc from GBX 1,070 ($13.81) to GBX 1,060 ($13.68) and set a “buy” rating for the company in a research note on Wednesday, January 25th. JPMorgan Chase & Co. set a GBX 1,100 ($14.20) price target on shares of National Grid plc and gave the stock a “buy” rating in a research note on Monday, April 3rd. Morgan Stanley set a GBX 1,100 ($14.20) price target on shares of National Grid plc and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Finally, Barclays PLC restated an “equal weight” rating and issued a GBX 1,075 ($13.88) price target on shares of National Grid plc in a research note on Friday, May 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. National Grid plc currently has a consensus rating of “Hold” and a consensus target price of GBX 1,004.07 ($12.96).
National Grid plc (LON:NG) traded up 0.43% on Friday, reaching GBX 1054.00. 11,184,905 shares of the company’s stock were exchanged. National Grid plc has a 1-year low of GBX 888.90 and a 1-year high of GBX 1,148.00. The firm has a 50-day moving average price of GBX 1,023.50 and a 200-day moving average price of GBX 972.04. The company’s market capitalization is GBX 39.66 billion.
The company also recently declared a dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Thursday, June 1st will be issued a dividend of GBX 29.10 ($0.38) per share. This represents a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, June 1st.
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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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