National Grid plc (LON:NG)‘s stock had its “underperform” rating reiterated by equities researchers at BNP Paribas in a research note issued on Tuesday. They presently have a GBX 830 ($10.83) target price on the stock. BNP Paribas’ price target suggests a potential downside of 24.68% from the company’s previous close.
A number of other research firms also recently commented on NG. Barclays PLC restated an “overweight” rating and issued a GBX 1,175 ($15.34) target price on shares of National Grid plc in a research report on Tuesday. Deutsche Bank AG lifted their target price on National Grid plc from GBX 920 ($12.01) to GBX 1,040 ($13.58) and gave the company a “hold” rating in a research report on Monday, September 12th. Credit Suisse Group AG restated an “underperform” rating and issued a GBX 840 ($10.96) target price on shares of National Grid plc in a research report on Thursday, September 8th. Beaufort Securities restated a “buy” rating on shares of National Grid plc in a research report on Thursday, August 25th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,200 ($15.66) target price on shares of National Grid plc in a research report on Thursday, September 15th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. National Grid plc presently has a consensus rating of “Hold” and a consensus price target of GBX 996 ($13.00).
Shares of National Grid plc (LON:NG) opened at 1100.53 on Tuesday. The company’s 50 day moving average price is GBX 1,070.96 and its 200-day moving average price is GBX 1,033.10. The stock’s market capitalization is GBX 41.23 billion. National Grid plc has a 52 week low of GBX 890.60 and a 52 week high of GBX 1,148.00.
In other National Grid plc news, insider Pettigrew,John sold 21,949 shares of National Grid plc stock in a transaction dated Monday, July 18th. The stock was sold at an average price of GBX 1,096 ($14.31), for a total transaction of £240,561.04 ($314,007.36).
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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