National Grid plc (LON:NG) Rating Reiterated by Credit Suisse Group

National Grid plc (LON:NG)‘s stock had its “underperform” rating reissued by analysts at Credit Suisse Group in a research note issued to investors on Friday. They currently have a GBX 850 ($11.10) target price on the stock. Credit Suisse Group’s target price would suggest a potential downside of 11.04% from the company’s previous close.

NG has been the topic of a number of other reports. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,100 ($14.36) price target on shares of National Grid plc in a report on Friday, May 19th. Morgan Stanley restated an “overweight” rating and issued a GBX 1,100 ($14.36) price target on shares of National Grid plc in a report on Friday, March 24th. BNP Paribas restated a “neutral” rating and issued a GBX 1,000 ($13.06) price target on shares of National Grid plc in a report on Thursday, March 30th. Goldman Sachs Group, Inc. (The) set a GBX 855 ($11.16) price target on National Grid plc and gave the company a “sell” rating in a report on Friday, May 19th. Finally, Macquarie upgraded National Grid plc to a “neutral” rating and boosted their price target for the company from GBX 880 ($11.49) to GBX 1,005 ($13.12) in a report on Friday, April 21st. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 1,014.80 ($13.25).

National Grid plc (LON:NG) opened at 954.10 on Friday. The firm has a 50-day moving average price of GBX 981.17 and a 200 day moving average price of GBX 1,050.61. National Grid plc has a 12 month low of GBX 921.20 and a 12 month high of GBX 1,229.82. The firm’s market capitalization is GBX 32.83 billion.

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In other National Grid plc news, insider Andrew R. J. Bonfield sold 22,191 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of GBX 1,021 ($13.33), for a total transaction of £226,570.11 ($295,860.68). Also, insider Dean Seavers purchased 4,574 shares of the stock in a transaction on Thursday, June 15th. The shares were acquired at an average cost of GBX 1,020 ($13.32) per share, for a total transaction of £46,654.80 ($60,922.96). Insiders have purchased 4,616 shares of company stock worth $4,707,424 in the last quarter.

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.

Analyst Recommendations for National Grid plc (LON:NG)

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