National Grid (LON:NG) has been assigned a GBX 1,050 ($14.51) price target by equities research analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 42.05% from the stock’s current price.
A number of other brokerages also recently commented on NG. Deutsche Bank reaffirmed a “sell” rating and issued a GBX 900 ($12.43) price objective on shares of National Grid in a research report on Friday, October 20th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,060 ($14.64) price objective on shares of National Grid in a research report on Friday, November 10th. Barclays set a GBX 990 ($13.68) price objective on National Grid and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 860 ($11.88) price objective on shares of National Grid in a research report on Thursday, November 2nd. Finally, Macquarie reaffirmed a “neutral” rating and issued a GBX 975 ($13.47) price objective on shares of National Grid in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 970.94 ($13.41).
Shares of National Grid (LON:NG) traded down GBX 9.70 ($0.13) during trading hours on Tuesday, hitting GBX 739.20 ($10.21). The stock had a trading volume of 4,033,534 shares, compared to its average volume of 8,070,000. The stock has a market capitalization of $25,000.00 and a P/E ratio of 1,540.00. National Grid has a twelve month low of GBX 739.20 ($10.21) and a twelve month high of GBX 1,097 ($15.16).
In other news, insider Mark Williamson purchased 43,128 shares of the stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of GBX 805 ($11.12) per share, with a total value of £347,180.40 ($479,663.44). In the last three months, insiders have acquired 43,163 shares of company stock valued at $34,748,484.
National Grid 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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