Credit Suisse Group reaffirmed their underperform rating on shares of National Grid plc (LON:NG) in a research note released on Friday morning. The firm currently has a GBX 850 ($11.43) target price on the stock.
Other analysts also recently issued research reports about the stock. Morgan Stanley decreased their price objective on shares of National Grid plc from GBX 1,125 ($15.13) to GBX 1,100 ($14.79) and set an overweight rating on the stock in a report on Tuesday, July 18th. Deutsche Bank AG reissued a sell rating and set a GBX 950 ($12.78) price objective on shares of National Grid plc in a report on Monday, July 24th. Citigroup Inc. set a GBX 1,126 ($15.14) price objective on shares of National Grid plc and gave the stock a buy rating in a report on Tuesday, June 20th. Barclays PLC set a GBX 1,075 ($14.46) price objective on shares of National Grid plc and gave the stock a neutral rating in a report on Monday, May 29th. Finally, Goldman Sachs Group Inc reissued a sell rating and set a GBX 946 ($12.72) price objective on shares of National Grid plc in a report on Thursday, May 25th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of GBX 1,008.80 ($13.57).
National Grid plc (LON:NG) opened at 947.80 on Friday. National Grid plc has a 52-week low of GBX 888.90 and a 52-week high of GBX 1,118.60. The company’s 50 day moving average is GBX 961.99 and its 200 day moving average is GBX 1,027.98. The firm’s market cap is GBX 32.62 billion.
In other National Grid plc news, insider Andrew R. J. Bonfield sold 14,710 shares of National Grid plc stock in a transaction dated Monday, July 31st. The shares were sold at an average price of GBX 939 ($12.63), for a total transaction of £138,126.90 ($185,754.30). In the last 90 days, insiders have acquired 42 shares of company stock valued at $40,149.
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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