National Grid plc (NG) Receives Consensus Rating of “Hold” from Analysts
National Grid plc (LON:NG) has earned a consensus rating of “Hold” from the sixteen ratings firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,008.80 ($13.40).
A number of analysts have issued reports on NG shares. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 900 ($11.96) target price on shares of National Grid plc in a report on Thursday, September 14th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 1,060 ($14.08) target price on shares of National Grid plc in a report on Thursday, September 14th. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 850 ($11.29) target price on shares of National Grid plc in a report on Friday, July 21st. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 1,060 ($14.08) target price on shares of National Grid plc in a report on Monday, October 9th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,050 ($13.95) target price on shares of National Grid plc in a report on Tuesday, August 1st.
In related news, insider Andrew R. J. Bonfield sold 14,710 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of GBX 939 ($12.48), for a total value of £138,126.90 ($183,532.95). In the last ninety days, insiders purchased 41 shares of company stock worth $39,223.
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National Grid plc (LON:NG) traded down 0.96% during trading on Friday, hitting GBX 925.80. The stock had a trading volume of 5,329,001 shares. The company’s 50-day moving average is GBX 946.27 and its 200 day moving average is GBX 1,005.13. National Grid plc has a 52 week low of GBX 910.30 and a 52 week high of GBX 1,174.36. The firm’s market cap is GBX 31.86 billion.
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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