HSBC Holdings plc upgraded shares of National Grid plc (LON:NG) to a buy rating in a report issued on Thursday, July 13th, Marketbeat reports. HSBC Holdings plc currently has GBX 1,060 ($13.80) price target on the stock, up from their prior price target of GBX 1,050 ($13.67).
Several other research firms also recently issued reports on NG. Morgan Stanley set a GBX 1,100 ($14.32) price objective on National Grid plc and gave the company a buy rating in a research note on Tuesday, May 2nd. Royal Bank Of Canada downgraded shares of National Grid plc to a sector performer rating and set a GBX 1,050 ($13.67) target price for the company. in a research report on Thursday, May 4th. BNP Paribas reaffirmed an underperform rating and set a GBX 830 ($10.81) price objective on shares of National Grid plc in a research report on Monday, March 20th. Citigroup Inc. reaffirmed a neutral rating and set a GBX 972 ($12.66) price objective (up previously from GBX 935 ($12.18)) on shares of National Grid plc in a research report on Tuesday, April 18th. Finally, Deutsche Bank AG reiterated a sell rating and issued a GBX 950 ($12.37) target price on shares of National Grid plc in a report on Monday, July 3rd. Four analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 1,014.80 ($13.22).
Shares of National Grid plc (NG) opened at 957.50 on Thursday. The stock’s market capitalization is GBX 32.95 billion. National Grid plc has a 52 week low of GBX 921.20 and a 52 week high of GBX 1,220.29. The stock’s 50 day moving average is GBX 955.35 and its 200 day moving average is GBX 1,042.90.
The company also recently disclosed a dividend, which will be paid on Wednesday, August 16th. Investors of record on Thursday, June 1st will be issued a GBX 29.10 ($0.38) dividend. This represents a yield of 2.74%. The ex-dividend date of this dividend is Thursday, June 1st.
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 stock was sold at an average price of GBX 939 ($12.23), for a total transaction of £138,126.90 ($179,876.16). Also, insider Dean Seavers bought 4,574 shares of National Grid plc stock in a transaction on Thursday, June 15th. The shares were bought at an average cost of GBX 1,020 ($13.28) per share, with a total value of £46,654.80 ($60,756.35). In the last three months, insiders purchased 4,602 shares of company stock valued at $4,692,906.
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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