National Grid plc (NG) Given “Sell” Rating at Deutsche Bank AG

Deutsche Bank AG reiterated their sell rating on shares of National Grid plc (LON:NG) in a research report released on Monday. Deutsche Bank AG currently has a GBX 900 ($11.84) price target on the stock.

NG has been the subject of several other research reports. Morgan Stanley cut their price objective on National Grid plc from GBX 1,125 ($14.80) to GBX 1,100 ($14.47) and set an overweight rating for the company in a report on Tuesday, July 18th. Credit Suisse Group AG reaffirmed an underperform rating and issued a GBX 850 ($11.18) price objective on shares of National Grid plc in a report on Friday, July 21st. BNP Paribas reaffirmed a neutral rating and issued a GBX 1,000 ($13.15) price objective on shares of National Grid plc in a report on Friday, July 21st. Berenberg Bank reaffirmed a buy rating and issued a GBX 1,050 ($13.81) price objective on shares of National Grid plc in a report on Tuesday, August 1st. Finally, reaffirmed a buy rating and issued a GBX 1,060 ($13.94) price objective on shares of National Grid plc in a report on Wednesday, September 6th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 991.06 ($13.04).

National Grid plc (NG) traded down GBX 4.50 ($0.06) during mid-day trading on Monday, reaching GBX 883.50 ($11.62). The company had a trading volume of 6,276,881 shares, compared to its average volume of 7,740,000. National Grid plc has a one year low of GBX 886.32 ($11.66) and a one year high of GBX 1,097 ($14.43).

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

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.

Analyst Recommendations for National Grid plc (LON:NG)

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