National Grid plc (NG) Given Average Recommendation of “Hold” by Brokerages
Shares of National Grid plc (LON:NG) have been given a consensus recommendation of “Hold” by the sixteen ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 1,026.93 ($13.30).
A number of equities analysts recently issued reports on NG shares. HSBC Holdings plc restated a “buy” rating and issued a GBX 1,060 ($13.73) target price on shares of National Grid plc in a report on Thursday, April 13th. Credit Suisse Group restated an “underperform” rating and issued a GBX 850 ($11.01) target price on shares of National Grid plc in a report on Tuesday, April 18th. Deutsche Bank AG restated a “sell” rating and issued a GBX 950 ($12.31) target price on shares of National Grid plc in a report on Wednesday, June 14th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,100 ($14.25) target price on shares of National Grid plc in a report on Friday, March 24th. Finally, Berenberg Bank cut National Grid plc to a “hold” rating and set a GBX 1,050 ($13.60) target price on the stock. in a report on Thursday, May 11th.
In other news, insider Dean Seavers bought 4,574 shares of the stock in a transaction on Thursday, June 15th. The shares were purchased at an average price of GBX 1,020 ($13.21) per share, for a total transaction of £46,654.80 ($60,433.68). Also, insider Andrew R. J. Bonfield sold 22,191 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of GBX 1,021 ($13.23), for a total value of £226,570.11 ($293,484.60). Insiders acquired 4,616 shares of company stock worth $4,707,424 in the last 90 days.
National Grid plc (LON NG) traded down 0.56% during mid-day trading on Friday, hitting GBX 930.10. The company had a trading volume of 6,035,196 shares. The company’s 50 day moving average price is GBX 1,050.47 and its 200-day moving average price is GBX 1,058.70. National Grid plc has a one year low of GBX 888.90 and a one year high of GBX 1,127.34. The company’s market cap is GBX 32.01 billion.
The company also recently announced a dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Thursday, June 1st will be paid a GBX 29.10 ($0.38) dividend. The ex-dividend date 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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