HSBC Holdings plc upgraded shares of National Grid plc (LON:NG) to a buy rating in a research report released on Thursday, Marketbeat Ratings reports. HSBC Holdings plc currently has GBX 1,060 ($13.84) price target on the stock, up from their previous price target of GBX 1,050 ($13.71).
Other equities research analysts have also issued research reports about the company. Deutsche Bank AG reiterated a hold rating and issued a GBX 920 ($12.01) price target on shares of National Grid plc in a research note on Wednesday, May 17th. Credit Suisse Group reiterated an underperform rating and issued a GBX 850 ($11.10) price target on shares of National Grid plc in a research note on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) reiterated a sell rating and issued a GBX 946 ($12.35) price target on shares of National Grid plc in a research note on Thursday, May 25th. Barclays PLC set a GBX 1,075 ($14.04) price target on National Grid plc and gave the stock a neutral rating in a research note on Monday, May 29th. Finally, Citigroup Inc. set a GBX 1,126 ($14.70) price target on National Grid plc and gave the stock a buy rating in a research note on Tuesday, June 20th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 1,014.80 ($13.25).
Shares of National Grid plc (NG) opened at 942.70 on Thursday. The company’s 50-day moving average price is GBX 1,050.47 and its 200 day moving average price is GBX 1,058.70. National Grid plc has a 1-year low of GBX 888.90 and a 1-year high of GBX 1,127.34. The company’s market cap is GBX 32.44 billion.
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The business also recently disclosed a dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Thursday, June 1st will be issued a dividend of GBX 29.10 ($0.38) per share. This represents a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, June 1st.
In related news, insider Dean Seavers acquired 4,574 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was acquired at an average price of GBX 1,020 ($13.32) per share, with a total value of £46,654.80 ($60,922.96). Also, insider Andrew R. J. Bonfield sold 22,191 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of GBX 1,021 ($13.33), for a total transaction of £226,570.11 ($295,860.68). Insiders have acquired a total of 4,616 shares of company stock valued at $4,707,424 in the last three months.
National Grid plc 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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