National Grid plc (LON:NG) has earned a consensus rating of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 938.44 ($13.26).
A number of research firms have recently commented on NG. Deutsche Bank set a GBX 780 ($11.02) price objective on National Grid and gave the stock a “neutral” rating in a research note on Thursday. JPMorgan Chase set a GBX 900 ($12.72) price objective on National Grid and gave the stock a “buy” rating in a research note on Thursday. Cfra set a GBX 800 ($11.31) price objective on National Grid and gave the stock a “sell” rating in a research note on Friday. Morgan Stanley reissued an “outperform” rating and issued a GBX 970 ($13.71) price objective on shares of National Grid in a research note on Thursday, April 5th. Finally, Credit Suisse Group set a GBX 850 ($12.01) target price on National Grid and gave the stock a “neutral” rating in a report on Thursday, March 8th.
In other National Grid news, insider Mark Williamson purchased 43,128 shares of the stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of GBX 805 ($11.38) per share, for a total transaction of £347,180.40 ($490,714.35). Also, insider Peter Gershon purchased 6,500 shares of the stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of GBX 743 ($10.50) per share, for a total transaction of £48,295 ($68,261.48). Insiders purchased a total of 49,647 shares of company stock worth $39,562,227 over the last 90 days.
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About National Grid
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, and US Regulated segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead line; 1,500 kilometers of underground cable; and 342 substations located in England and Wales.
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