National Grid plc (NG) Hits New 1-Year Low at $888.00

National Grid plc (LON:NG) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 888 ($11.68) and last traded at GBX 888 ($11.68), with a volume of 8676475 shares trading hands. The stock had previously closed at GBX 888 ($11.68).

NG has been the topic of several recent analyst reports. Deutsche Bank AG reissued a “sell” rating and set a GBX 900 ($11.84) price target on shares of National Grid plc in a research report on Friday, August 25th. reissued a “buy” rating and set a GBX 1,060 ($13.94) price target on shares of National Grid plc in a research report on Wednesday, September 6th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 1,060 ($13.94) price target on shares of National Grid plc in a research report on Thursday, September 14th. Credit Suisse Group reissued an “underperform” rating and set a GBX 850 ($11.18) price target on shares of National Grid plc in a research report on Friday, July 21st. Finally, BNP Paribas reissued a “neutral” rating and set a GBX 1,000 ($13.15) price target on shares of National Grid plc in a research report on Friday, July 21st. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 991.06 ($13.04).

The firm also recently announced a dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, November 23rd will be paid a dividend of GBX 15.49 ($0.20) per share. The ex-dividend date is Thursday, November 23rd. This represents a yield of 1.73%.

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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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