National Grid plc (LON:NG)‘s stock had its “equal weight” rating reiterated by research analysts at Barclays PLC in a research report issued on Friday, May 12th, MarketBeat reports. They currently have a GBX 1,075 ($13.60) price target on the stock. Barclays PLC’s price objective indicates a potential upside of 5.60% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 850 ($10.75) price objective on shares of National Grid plc in a research note on Tuesday, April 18th. Societe Generale set a GBX 990 ($12.52) price objective on shares of National Grid plc and gave the stock a “neutral” rating in a research note on Monday, March 20th. Deutsche Bank AG set a GBX 920 ($11.64) price objective on shares of National Grid plc and gave the stock a “neutral” rating in a research note on Friday, April 21st. BNP Paribas reaffirmed an “underperform” rating and set a GBX 830 ($10.50) price objective on shares of National Grid plc in a research note on Monday, March 20th. Finally, HSBC Holdings plc reissued a “buy” rating and issued a GBX 1,060 ($13.41) price target on shares of National Grid plc in a research note on Thursday, April 13th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 1,015.93 ($12.85).
National Grid plc (LON NG) opened at 1018.00 on Friday. National Grid plc has a one year low of GBX 888.90 and a one year high of GBX 1,148.00. The stock’s market cap is GBX 35.03 billion. The firm’s 50-day moving average is GBX 1,081.94 and its 200 day moving average is GBX 1,058.89.
The company also recently disclosed a dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Thursday, June 1st will be issued a GBX 29.10 ($0.37) dividend. The ex-dividend date is Thursday, June 1st. This represents a yield of 2.74%.
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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