National Grid plc (NG) Earns Underperform Rating from BNP Paribas
National Grid plc (LON:NG)‘s stock had its “underperform” rating reiterated by research analysts at BNP Paribas in a research report issued on Tuesday. They presently have a GBX 830 ($11.05) price target on the stock. BNP Paribas’ price objective would suggest a potential downside of 21.14% from the stock’s previous close.
Several other equities analysts have also commented on the company. Royal Bank Of Canada lowered National Grid plc to a “sector performer” rating and raised their price target for the company from GBX 1,000 ($13.32) to GBX 1,080 ($14.38) in a research note on Friday, July 29th. HSBC restated a “buy” rating and set a GBX 1,185 ($15.78) price target on shares of National Grid plc in a research note on Tuesday, August 2nd. Barclays PLC restated an “overweight” rating on shares of National Grid plc in a research note on Friday, August 19th. Deutsche Bank AG restated a “hold” rating and set a GBX 900 ($11.99) price target on shares of National Grid plc in a research note on Sunday, May 29th. Finally, JPMorgan Chase & Co. raised their price target on National Grid plc from GBX 1,150 ($15.32) to GBX 1,200 ($15.98) and gave the company an “overweight” rating in a research note on Friday, September 9th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 988.67 ($13.17).
National Grid plc (LON:NG) traded up 0.48% during midday trading on Tuesday, hitting GBX 1052.50. 12,623,778 shares of the stock traded hands. The company has a 50-day moving average of GBX 1,070.72 and a 200-day moving average of GBX 1,022.42. National Grid plc has a 12 month low of GBX 824.00 and a 12 month high of GBX 1,148.00. The stock’s market cap is GBX 39.44 billion.
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In other National Grid plc news, insider Pettigrew,John sold 21,949 shares of the firm’s stock in a transaction dated Monday, July 18th. The stock was sold at an average price of GBX 1,096 ($14.60), for a total value of £240,561.04 ($320,406.29).
National Grid plc Company Profile
National Grid Plc is an electricity and gas utility company. The UK Electricity Transmission includes high voltage electricity transmission networks in Great Britain. Its UK Gas Transmission provides the gas transmission network in Great Britain and UK liquefied natural gas (LNG) storage activities. The Company’s UK Gas Distribution includes four of the eight regional networks of Great Britain’s gas distribution system.
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