National Grid (LON:NG) has been assigned a GBX 750 ($9.80) price target by analysts at Cfra in a research note issued to investors on Friday, October 5th. The firm currently has a “sell” rating on the stock. Cfra’s target price would suggest a potential downside of 4.75% from the company’s previous close.
Other research analysts have also issued research reports about the stock. Societe Generale upgraded shares of National Grid to a “buy” rating and upped their price target for the company from GBX 921 ($12.03) to GBX 940 ($12.28) in a research note on Tuesday, September 11th. HSBC decreased their price target on shares of National Grid from GBX 950 ($12.41) to GBX 940 ($12.28) and set a “buy” rating on the stock in a research note on Thursday, September 6th. Goldman Sachs Group decreased their price target on shares of National Grid from GBX 847 ($11.07) to GBX 836 ($10.92) and set a “neutral” rating on the stock in a research note on Tuesday, September 18th. JPMorgan Chase & Co. upped their price target on shares of National Grid from GBX 870 ($11.37) to GBX 950 ($12.41) and gave the company an “overweight” rating in a research note on Monday, September 24th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of National Grid in a research note on Monday, September 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 915.11 ($11.96).
National Grid stock opened at GBX 787.40 ($10.29) on Friday. National Grid has a fifty-two week low of GBX 733 ($9.58) and a fifty-two week high of GBX 1,097 ($14.33).
In other National Grid news, insider John Pettigrew sold 83,623 shares of the business’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of GBX 841 ($10.99), for a total value of £703,269.43 ($918,946.07).
About National Grid
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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