National Grid plc (NG) Given Sell Rating at Deutsche Bank AG
National Grid plc (LON:NG)‘s stock had its “sell” rating reiterated by investment analysts at Deutsche Bank AG in a research note issued on Friday. They presently have a GBX 900 ($11.68) price target on the stock. Deutsche Bank AG’s target price suggests a potential downside of 7.44% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 1,060 ($13.76) target price on shares of National Grid plc in a report on Thursday, May 18th. Morgan Stanley cut their target price on shares of National Grid plc from GBX 1,125 ($14.60) to GBX 1,100 ($14.28) and set an “overweight” rating on the stock in a report on Tuesday, July 18th. Barclays PLC set a GBX 1,075 ($13.96) target price on shares of National Grid plc and gave the company a “neutral” rating in a report on Monday, May 29th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a GBX 946 ($12.28) target price on shares of National Grid plc in a report on Thursday, May 25th. Finally, Citigroup Inc. set a GBX 1,126 ($14.62) price objective on shares of National Grid plc and gave the company a “buy” rating in a research note on Tuesday, June 20th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 1,011.47 ($13.13).
National Grid plc (LON NG) opened at 970.80 on Friday. The stock’s market cap is GBX 33.41 billion. The stock’s 50 day moving average is GBX 948.90 and its 200 day moving average is GBX 1,038.92. National Grid plc has a 52 week low of GBX 888.90 and a 52 week high of GBX 1,118.60.
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In other news, insider Andrew R. J. Bonfield sold 14,710 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of GBX 939 ($12.19), for a total transaction of £138,126.90 ($179,315.72). Also, insider Andrew R. J. Bonfield sold 22,191 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of GBX 1,021 ($13.25), for a total transaction of £226,570.11 ($294,132.30). Over the last ninety days, insiders have bought 4,615 shares of company stock worth $4,705,269.
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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