National Grid plc’s (LON:NG) “Neutral” Rating Reaffirmed at BNP Paribas
National Grid plc (LON:NG)‘s stock had its “neutral” rating reaffirmed by research analysts at BNP Paribas in a research note issued to investors on Friday. They currently have a GBX 1,000 ($13.06) price objective on the stock. BNP Paribas’ target price would suggest a potential upside of 4.66% from the company’s current price.
A number of other equities research analysts have also recently weighed in on NG. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 1,100 ($14.36) price target on shares of National Grid plc in a research report on Friday, March 24th. Morgan Stanley reissued an “overweight” rating and issued a GBX 1,100 ($14.36) price target on shares of National Grid plc in a research report on Friday, March 24th. HSBC Holdings plc reissued a “buy” rating and issued a GBX 1,060 ($13.84) price target on shares of National Grid plc in a research report on Thursday, April 13th. Citigroup Inc. reissued a “neutral” rating and issued a GBX 972 ($12.69) price target (up from GBX 935 ($12.21)) on shares of National Grid plc in a research report on Tuesday, April 18th. Finally, Credit Suisse Group reissued an “underperform” rating and issued a GBX 850 ($11.10) price target on shares of National Grid plc in a research report on Tuesday, April 18th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 1,014.80 ($13.25).
National Grid plc (LON NG) opened at 955.50 on Friday. The company has a 50 day moving average price of GBX 981.17 and a 200 day moving average price of GBX 1,050.61. National Grid plc has a 52-week low of GBX 921.20 and a 52-week high of GBX 1,229.82. The firm’s market capitalization is GBX 32.88 billion.
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In related news, insider Andrew R. J. Bonfield sold 22,191 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of GBX 1,021 ($13.33), for a total transaction of £226,570.11 ($295,860.68). Also, insider Dean Seavers acquired 4,574 shares of National Grid plc stock in a transaction that occurred on Thursday, June 15th. The shares were purchased at an average cost of GBX 1,020 ($13.32) per share, for a total transaction of £46,654.80 ($60,922.96). Insiders acquired 4,616 shares of company stock worth $4,707,424 in the last ninety days.
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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