National Grid plc (NG) Receives Sell Rating from Deutsche Bank AG
Deutsche Bank AG reiterated their sell rating on shares of National Grid plc (LON:NG) in a research report sent to investors on Monday morning. The firm currently has a GBX 900 ($11.88) price objective on the stock.
A number of other equities research analysts have also weighed in on the company. Macquarie restated a neutral rating and set a GBX 975 ($12.87) price target on shares of National Grid plc in a research note on Thursday, October 26th. J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 1,060 ($13.99) target price on shares of National Grid plc in a report on Thursday, October 26th. HSBC Holdings plc reaffirmed a buy rating and set a GBX 1,060 ($13.99) target price on shares of National Grid plc in a report on Monday, October 9th. Credit Suisse Group reaffirmed an underperform rating and set a GBX 850 ($11.22) target price on shares of National Grid plc in a report on Friday, September 22nd. Finally, Berenberg Bank reaffirmed a buy rating and set a GBX 1,050 ($13.86) target price on shares of National Grid plc in a report on Tuesday, August 1st. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 1,006.80 ($13.29).
Shares of National Grid plc (LON NG) traded up 0.13% during trading on Monday, hitting GBX 906.00. 8,338,755 shares of the stock traded hands. National Grid plc has a 52-week low of GBX 888.90 and a 52-week high of GBX 1,097.00. The firm’s market cap is GBX 31.18 billion. The stock has a 50 day moving average of GBX 935.96 and a 200 day moving average of GBX 995.11.
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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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