National Grid (NG) Given Sell Rating at Deutsche Bank

Deutsche Bank reaffirmed their sell rating on shares of National Grid (LON:NG) in a research note released on Monday, November 13th, StockTargetPrices.com reports. Deutsche Bank currently has a GBX 900 ($12.05) price objective on the stock.

A number of other equities research analysts have also weighed in on NG. Morgan Stanley cut their price objective on National Grid from GBX 1,125 ($15.07) to GBX 1,100 ($14.73) and set an overweight rating on the stock in a research report on Tuesday, July 18th. Credit Suisse Group restated an underperform rating and issued a GBX 850 ($11.38) target price on shares of National Grid in a research note on Friday, July 21st. BNP Paribas restated a neutral rating and issued a GBX 1,000 ($13.39) target price on shares of National Grid in a research note on Friday, July 21st. Berenberg Bank restated a buy rating and issued a GBX 1,050 ($14.06) target price on shares of National Grid in a research note on Tuesday, August 1st. Finally, reiterated a buy rating and set a GBX 1,060 ($14.20) price objective on shares of National Grid in a research note on Wednesday, September 6th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 999.82 ($13.39).

Shares of National Grid (LON NG) traded up GBX 0.28 ($0.00) during mid-day trading on Monday, hitting GBX 885.28 ($11.86). The stock had a trading volume of 9,380,000 shares, compared to its average volume of 9,520,000. National Grid has a 12-month low of GBX 859.30 ($11.51) and a 12-month high of GBX 1,097 ($14.69).

The company also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, November 23rd will be issued a GBX 15.49 ($0.21) dividend. This represents a dividend yield of 1.73%. The ex-dividend date is Thursday, November 23rd.

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About National Grid

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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