National Grid plc (NG) Earns “Sell” Rating from Deutsche Bank AG
National Grid plc (LON:NG)‘s stock had its “sell” rating reissued by analysts at Deutsche Bank AG in a research note issued on Thursday. They currently have a GBX 900 ($11.62) price target on the stock. Deutsche Bank AG’s price target points to a potential downside of 5.65% from the company’s previous close.
NG has been the subject of a number of other research reports. HSBC Holdings plc raised National Grid plc to a “buy” rating and boosted their price target for the company from GBX 1,050 ($13.56) to GBX 1,060 ($13.69) in a research report on Thursday, July 13th. Morgan Stanley set a GBX 1,125 ($14.53) price target on National Grid plc and gave the company a “buy” rating in a research report on Monday, May 29th. Citigroup Inc. set a GBX 1,126 ($14.54) price target on National Grid plc and gave the company a “buy” rating in a research report on Tuesday, June 20th. Berenberg Bank reissued a “buy” rating and set a GBX 1,050 ($13.56) price target on shares of National Grid plc in a research report on Tuesday, August 1st. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 1,075 ($13.88) price target on shares of National Grid plc in a research report on Friday, May 19th. Four analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,008.80 ($13.03).
National Grid plc (NG) traded up 0.20% during trading on Thursday, hitting GBX 953.90. The stock had a trading volume of 14,959,874 shares. The stock’s 50-day moving average is GBX 961.48 and its 200 day moving average is GBX 1,030.16. National Grid plc has a one year low of GBX 921.20 and a one year high of GBX 1,220.29. The firm’s market cap is GBX 32.82 billion.
In other news, insider Andrew R. J. Bonfield sold 14,710 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of GBX 939 ($12.13), for a total transaction of £138,126.90 ($178,389.38). Also, insider Andrew R. J. Bonfield sold 22,191 shares of the stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of GBX 1,021 ($13.19), for a total value of £226,570.11 ($292,612.82). In the last quarter, insiders purchased 42 shares of company stock worth $40,149.
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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