National Grid plc (LON:NG) had its price objective lowered by Deutsche Bank AG from GBX 950 ($12.33) to GBX 900 ($11.68) in a report released on Thursday, MarketBeat reports. The firm currently has a sell rating on the stock.
Several other analysts also recently weighed in on the stock. Berenberg Bank reissued a buy rating and issued a GBX 1,050 ($13.63) price target on shares of National Grid plc in a research note on Tuesday, August 1st. BNP Paribas reissued a neutral rating and issued a GBX 1,000 ($12.98) price target on shares of National Grid plc in a research note on Friday, July 21st. Credit Suisse Group reissued an underperform rating and issued a GBX 850 ($11.03) price target on shares of National Grid plc in a research note on Friday, July 21st. Morgan Stanley lowered their price target on shares of National Grid plc from GBX 1,125 ($14.60) to GBX 1,100 ($14.28) and set an overweight rating for the company in a research note on Tuesday, July 18th. Finally, HSBC Holdings plc raised shares of National Grid plc to a buy rating and boosted their price target for the stock from GBX 1,050 ($13.63) to GBX 1,060 ($13.76) in a research note on Thursday, July 13th. Four research 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 company presently has an average rating of Hold and a consensus price target of GBX 1,011.47 ($13.13).
Shares of National Grid plc (LON NG) opened at 960.30 on Thursday. The firm’s market capitalization is GBX 33.05 billion. The company has a 50-day moving average price of GBX 947.01 and a 200-day moving average price of GBX 1,039.72. National Grid plc has a 12-month low of GBX 921.20 and a 12-month high of GBX 1,220.29.
In related news, insider Dean Seavers purchased 4,574 shares of National Grid plc stock in a transaction that occurred on Thursday, June 15th. The shares were bought at an average price of GBX 1,020 ($13.24) per share, for a total transaction of £46,654.80 ($60,567.05). Also, insider Andrew R. J. Bonfield sold 14,710 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of GBX 939 ($12.19), for a total transaction of £138,126.90 ($179,315.72). Insiders have purchased 4,615 shares of company stock worth $4,705,269 in the last quarter.
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.
Receive News & Ratings for National Grid plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid plc and related companies with MarketBeat.com's FREE daily email newsletter.
