National Grid plc (LON:NG) has earned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 896.50 ($11.71).
NG has been the topic of several analyst reports. Berenberg Bank dropped their price target on shares of National Grid from GBX 1,050 ($13.72) to GBX 950 ($12.41) and set a “buy” rating on the stock in a research note on Wednesday, October 10th. Societe Generale set a GBX 950 ($12.41) target price on shares of National Grid and gave the stock a “buy” rating in a research report on Friday, November 9th. JPMorgan Chase & Co. set a GBX 950 ($12.41) target price on shares of National Grid and gave the stock a “buy” rating in a research report on Thursday, November 8th. Deutsche Bank reiterated a “hold” rating and set a GBX 860 ($11.24) target price on shares of National Grid in a research report on Monday, November 5th. Finally, Goldman Sachs Group upgraded shares of National Grid to a “neutral” rating and increased their target price for the stock from GBX 836 ($10.92) to GBX 858 ($11.21) in a research report on Tuesday, October 30th.
LON NG traded up GBX 9.60 ($0.13) on Tuesday, hitting GBX 804.70 ($10.51). The stock had a trading volume of 6,614,527 shares, compared to its average volume of 10,850,000. National Grid has a one year low of GBX 733 ($9.58) and a one year high of GBX 1,097 ($14.33).
The firm also recently announced a dividend, which was paid on Wednesday, January 9th. Stockholders of record on Thursday, November 22nd were paid a GBX 16.08 ($0.21) dividend. This represents a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, November 22nd.
National Grid Company Profile
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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