National Grid plc (NG) Rating Reiterated by J P Morgan Chase & Co
National Grid plc (LON:NG)‘s stock had its “overweight” rating reaffirmed by J P Morgan Chase & Co in a note issued to investors on Thursday. They currently have a GBX 1,060 ($13.69) price target on the stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 11.12% from the company’s current price.
NG has been the subject of a number of other reports. Morgan Stanley set a GBX 1,125 ($14.53) price target on National Grid plc and gave the stock a “buy” rating in a report on Monday, May 29th. Barclays PLC set a GBX 1,075 ($13.88) price target on National Grid plc and gave the stock a “neutral” rating in a report on Monday, May 29th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a GBX 946 ($12.22) price target on shares of National Grid plc in a report on Thursday, May 25th. HSBC Holdings plc reissued a “buy” rating and issued a GBX 1,060 ($13.69) price target on shares of National Grid plc in a report on Thursday, May 18th. Finally, Deutsche Bank AG set a GBX 920 ($11.88) price target on National Grid plc and gave the stock a “neutral” rating in a report on Saturday, May 20th. Four analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. National Grid plc currently has a consensus rating of “Hold” and an average target price of GBX 1,008.80 ($13.03).
Shares of National Grid plc (NG) traded up 0.20% on Thursday, hitting GBX 953.90. The stock had a trading volume of 14,959,874 shares. National Grid plc has a one year low of GBX 921.20 and a one year high of GBX 1,220.29. The company’s market cap is GBX 32.82 billion. The firm’s 50-day moving average is GBX 961.48 and its 200-day moving average is GBX 1,030.16.
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In related news, insider Andrew R. J. Bonfield sold 14,710 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of GBX 939 ($12.13), for a total value of £138,126.90 ($178,389.38). Also, insider Andrew R. J. Bonfield sold 22,191 shares of the business’s stock in a transaction dated 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). Insiders bought 42 shares of company stock valued at $40,149 in the last ninety days.
National Grid plc Company Profile
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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