Today, National Grid plc (NG) Receives Underperform Rating from Credit Suisse Group AG

Today, National Grid plc (NG) Receives Underperform Rating from Credit Suisse Group AG

National Grid plc (LON:NG)‘s stock had its “underperform” rating reissued by analysts at Credit Suisse Group AG in a research note issued on Friday. They currently have a GBX 840 ($10.96) price objective on the stock. Credit Suisse Group AG’s price objective would suggest a potential downside of 20.60% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Beaufort Securities reissued a “buy” rating on shares of National Grid plc in a research report on Thursday, August 25th. HSBC reissued a “buy” rating and issued a GBX 1,185 ($15.47) target price on shares of National Grid plc in a research report on Tuesday, August 2nd. Berenberg Bank reissued a “hold” rating and issued a GBX 970 ($12.66) target price on shares of National Grid plc in a research report on Wednesday, July 20th. Deutsche Bank AG raised their target price on National Grid plc from GBX 920 ($12.01) to GBX 1,040 ($13.58) and gave the stock a “hold” rating in a research report on Monday, September 12th. Finally, Jefferies Group reissued a “hold” rating on shares of National Grid plc in a research report on Thursday, September 22nd. Three equities research 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’s stock. National Grid plc presently has a consensus rating of “Hold” and an average target price of GBX 996 ($13.00).

National Grid plc (LON:NG) opened at 1058.00 on Friday. The stock’s 50 day moving average price is GBX 1,070.43 and its 200 day moving average price is GBX 1,034.55. National Grid plc has a one year low of GBX 890.60 and a one year high of GBX 1,148.00. The stock’s market cap is GBX 39.64 billion.

In related news, insider Pettigrew,John sold 21,949 shares of National Grid plc 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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