National Grid plc (LON:NG)‘s stock had its “sell” rating reiterated by investment analysts at Deutsche Bank AG in a research report issued on Monday, July 24th. They currently have a GBX 950 ($12.53) price objective on the stock. Deutsche Bank AG’s price target would suggest a potential downside of 0.52% from the company’s current price.
NG has been the topic of several other reports. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a GBX 946 ($12.48) price target on shares of National Grid plc in a research report on Thursday, May 25th. Morgan Stanley reduced their price target on National Grid plc from GBX 1,125 ($14.84) to GBX 1,100 ($14.51) and set an “overweight” rating on the stock in a research report on Tuesday, July 18th. HSBC Holdings plc reissued a “buy” rating and set a GBX 1,060 ($13.98) price target on shares of National Grid plc in a research report on Thursday, April 13th. Macquarie raised National Grid plc to a “neutral” rating and boosted their price target for the stock from GBX 880 ($11.61) to GBX 1,005 ($13.26) in a research report on Friday, April 21st. Finally, J P Morgan Chase & Co set a GBX 1,100 ($14.51) price target on National Grid plc and gave the stock a “buy” rating in a research report on Monday, April 3rd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,014.80 ($13.39).
National Grid plc (LON:NG) opened at 955.00 on Monday. The firm’s 50-day moving average is GBX 961.72 and its 200-day moving average is GBX 1,045.18. The stock’s market cap is GBX 32.86 billion. National Grid plc has a 52-week low of GBX 888.90 and a 52-week high of GBX 1,127.34.
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In other news, insider Andrew R. J. Bonfield sold 14,710 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of GBX 939 ($12.39), for a total value of £138,126.90 ($182,201.42). Also, insider Andrew R. J. Bonfield sold 22,191 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of GBX 1,021 ($13.47), for a total value of £226,570.11 ($298,865.73). In the last three months, insiders bought 4,616 shares of company stock valued at $4,707,424.
About National Grid plc
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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