National Grid (NG) Given a GBX 780 Price Target at Deutsche Bank

Deutsche Bank set a GBX 780 ($11.02) price target on National Grid (LON:NG) in a report issued on Thursday morning. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts have also commented on the company. Morgan Stanley restated an outperform rating and set a GBX 970 ($13.71) target price on shares of National Grid in a research report on Thursday, April 5th. UBS set a GBX 800 ($11.31) target price on National Grid and gave the company a neutral rating in a research report on Wednesday, March 14th. Credit Suisse Group set a GBX 850 ($12.01) target price on National Grid and gave the company a neutral rating in a research report on Thursday, March 8th. Goldman Sachs set a GBX 877 ($12.40) target price on National Grid and gave the company a neutral rating in a research report on Friday, January 26th. Finally, JPMorgan Chase restated an overweight rating and set a GBX 1,040 ($14.70) target price on shares of National Grid in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 947.67 ($13.39).

Shares of NG stock traded up GBX 0.70 ($0.01) on Thursday, hitting GBX 824.30 ($11.65). The company had a trading volume of 2,993,369 shares, compared to its average volume of 10,850,000. National Grid has a twelve month low of GBX 733 ($10.36) and a twelve month high of GBX 1,097 ($15.51).



In related news, insider Peter Gershon bought 6,500 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were bought at an average price of GBX 743 ($10.50) per share, for a total transaction of £48,295 ($68,261.48). Also, insider Mark Williamson bought 43,128 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of GBX 805 ($11.38) per share, for a total transaction of £347,180.40 ($490,714.35). In the last quarter, insiders acquired 49,647 shares of company stock worth $39,562,227.

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National Grid Company Profile

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, and US Regulated segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead line; 1,500 kilometers of underground cable; and 342 substations located in England and Wales.

Analyst Recommendations for National Grid (LON:NG)

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