Trade Report: The BNP Paribas Reaffirms “Underperform” Rating for National Grid plc (NG)

The BNP Paribas Reaffirms “Underperform” Rating for National Grid plc (NG)

BNP Paribas reissued their underperform rating on shares of National Grid plc (LON:NG) in a research report released on Tuesday morning. BNP Paribas currently has a GBX 830 ($10.83) target price on the stock.

Several other equities analysts also recently issued reports on NG. Deutsche Bank AG upped their price objective on shares of National Grid plc from GBX 920 ($12.01) to GBX 1,040 ($13.58) and gave the company a hold rating in a report on Monday, September 12th. Credit Suisse Group AG restated an underperform rating and set a GBX 840 ($10.96) price objective on shares of National Grid plc in a report on Thursday, September 8th. Beaufort Securities restated a buy rating on shares of National Grid plc in a report on Thursday, August 25th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 1,200 ($15.66) price objective on shares of National Grid plc in a report on Thursday, September 15th. Finally, HSBC restated a buy rating and set a GBX 1,080 ($14.10) price objective on shares of National Grid plc in a report on Wednesday, June 8th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. National Grid plc has a consensus rating of Hold and an average price target of GBX 996 ($13.00).

Shares of National Grid plc (LON:NG) opened at 1037.00 on Tuesday. National Grid plc has a 52-week low of GBX 890.60 and a 52-week high of GBX 1,148.00. The company’s market cap is GBX 38.85 billion. The stock’s 50 day moving average is GBX 1,069.58 and its 200 day moving average is GBX 1,034.59.

In other news, insider Pettigrew,John sold 21,949 shares of the company’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of GBX 1,096 ($14.31), for a total transaction of £240,561.04 ($314,007.36).

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