A number of other research firms have also issued reports on NG. Berenberg Bank restated a buy rating and set a GBX 1,050 ($13.81) price objective on shares of National Grid plc in a research report on Tuesday, August 1st. Credit Suisse Group reiterated an underperform rating and set a GBX 850 ($11.18) price target on shares of National Grid plc in a research report on Friday, July 21st. Deutsche Bank AG reiterated a sell rating and set a GBX 900 ($11.84) price target on shares of National Grid plc in a research report on Friday, August 25th. upgraded National Grid plc to a buy rating and boosted their price target for the stock from GBX 1,050 ($13.81) to GBX 1,060 ($13.94) in a research report on Thursday, July 13th. Finally, Morgan Stanley reiterated an overweight rating on shares of National Grid plc in a research report on Tuesday, October 31st. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. National Grid plc has a consensus rating of Hold and a consensus target price of GBX 991.06 ($13.04).
Shares of National Grid plc (LON:NG) traded down GBX 1.80 ($0.02) during midday trading on Thursday, hitting GBX 878.20 ($11.55). The stock had a trading volume of 7,919,266 shares, compared to its average volume of 8,560,000. National Grid plc has a 1-year low of GBX 878.60 ($11.56) and a 1-year high of GBX 1,097 ($14.43).
The business also recently announced a dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, November 23rd will be given a dividend of GBX 15.49 ($0.20) per share. This represents a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, November 23rd.
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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