National Grid plc (NG) Sets New 1-Year Low at $876.70

National Grid plc (LON:NG) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 876.70 ($11.53) and last traded at GBX 880 ($11.57), with a volume of 5959659 shares changing hands. The stock had previously closed at GBX 880 ($11.57).

Several research analysts have issued reports on NG shares. Deutsche Bank AG restated a “sell” rating and set a GBX 900 ($11.84) price target on shares of National Grid plc in a report on Thursday, September 14th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 1,060 ($13.94) price target on shares of National Grid plc in a report on Thursday, September 14th. restated a “buy” rating and set a GBX 1,060 ($13.94) price target on shares of National Grid plc in a report on Monday, October 9th. Credit Suisse Group restated an “underperform” rating and set a GBX 860 ($11.31) price target on shares of National Grid plc in a report on Thursday, November 2nd. Finally, Barclays PLC set a GBX 990 ($13.02) price target on shares of National Grid plc and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 991.06 ($13.04).

The company also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, November 23rd will be issued a dividend of GBX 15.49 ($0.20) per share. This represents a yield of 1.73%. The ex-dividend date is Thursday, November 23rd.

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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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