National Grid plc (LON:NG) Given Consensus Rating of “Hold” by Brokerages
National Grid plc (LON:NG) has earned a consensus recommendation of “Hold” from the seventeen research firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 1,014.80 ($13.22).
Several research analysts have recently weighed in on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 1,050 ($13.67) target price on shares of National Grid plc in a research report on Tuesday, August 1st. Deutsche Bank AG reissued a “sell” rating and issued a GBX 950 ($12.37) target price on shares of National Grid plc in a research report on Monday, July 24th. BNP Paribas reissued a “neutral” rating and issued a GBX 1,000 ($13.02) target price on shares of National Grid plc in a research report on Friday, July 21st. Credit Suisse Group reissued an “underperform” rating and issued a GBX 850 ($11.07) target price on shares of National Grid plc in a research report on Friday, July 21st. Finally, Morgan Stanley dropped their target price on shares of National Grid plc from GBX 1,125 ($14.65) to GBX 1,100 ($14.32) and set an “overweight” rating on the stock in a research report on Tuesday, July 18th.
In other National Grid plc news, insider Andrew R. J. Bonfield sold 14,710 shares of National Grid plc stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of GBX 939 ($12.23), for a total value of £138,126.90 ($179,876.16). Also, insider Andrew R. J. Bonfield sold 22,191 shares of National Grid plc stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of GBX 1,021 ($13.30), for a total transaction of £226,570.11 ($295,051.58). Insiders acquired 4,602 shares of company stock valued at $4,692,906 over the last quarter.
Shares of National Grid plc (NG) traded up 0.12% during mid-day trading on Tuesday, hitting GBX 957.50. 4,251,303 shares of the company’s stock traded hands. The stock’s market cap is GBX 32.95 billion. The stock has a 50 day moving average price of GBX 955.29 and a 200-day moving average price of GBX 1,043.36. National Grid plc has a 1-year low of GBX 888.90 and a 1-year high of GBX 1,118.60.
The firm 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. This represents a yield of 2.74%. The ex-dividend date is Thursday, June 1st.
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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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