National Grid plc (NG) Receives Average Rating of “Hold” from Brokerages
Shares of National Grid plc (LON:NG) have been given an average recommendation of “Hold” by the sixteen research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 1,015.93 ($12.94).
NG has been the topic of a number of research analyst reports. HSBC Holdings plc reissued a “buy” rating and set a GBX 1,060 ($13.50) price objective on shares of National Grid plc in a report on Thursday, April 13th. J P Morgan Chase & Co set a GBX 1,100 ($14.01) target price on shares of National Grid plc and gave the company a “buy” rating in a research report on Monday, April 3rd. Morgan Stanley set a GBX 1,100 ($14.01) target price on shares of National Grid plc and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Barclays PLC restated an “equal weight” rating and set a GBX 1,075 ($13.70) target price on shares of National Grid plc in a research report on Friday, May 12th. Finally, Berenberg Bank downgraded shares of National Grid plc to a “hold” rating and set a GBX 1,050 ($13.38) target price for the company. in a research report on Thursday, May 11th.
Shares of National Grid plc (LON:NG) traded up 0.25% during mid-day trading on Monday, reaching GBX 1020.50. The company’s stock had a trading volume of 4,597,213 shares. The firm’s market cap is GBX 35.12 billion. National Grid plc has a one year low of GBX 888.90 and a one year high of GBX 1,148.00. The firm’s 50 day moving average is GBX 1,081.94 and its 200 day moving average is GBX 1,058.89.
The company also recently disclosed a dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Thursday, June 1st will be given a GBX 29.10 ($0.37) dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a dividend yield of 2.74%.
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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