National Grid plc (NG) Downgraded by Berenberg Bank to Hold

Berenberg Bank lowered shares of National Grid plc (LON:NG) to a hold rating in a report released on Thursday, May 11th. The firm currently has GBX 1,050 ($13.28) price objective on the stock.

A number of other equities analysts also recently issued reports on the company. Credit Suisse Group reiterated an underperform rating and issued a GBX 860 ($10.88) price objective on shares of National Grid plc in a report on Friday, January 13th. Investec upgraded National Grid plc to a buy rating and set a GBX 1,030 ($13.03) price objective for the company in a report on Friday, January 13th. Goldman Sachs Group, Inc. (The) set a GBX 854 ($10.80) price objective on National Grid plc and gave the stock a sell rating in a report on Monday, January 16th. HSBC Holdings plc decreased their price objective on National Grid plc from GBX 1,070 ($13.54) to GBX 1,060 ($13.41) and set a buy rating for the company in a report on Wednesday, January 25th. Finally, Royal Bank of Canada reiterated an outperform rating and issued a GBX 1,050 ($13.28) price objective on shares of National Grid plc in a report on Monday, January 30th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 1,015.93 ($12.85).

Shares of National Grid plc (LON:NG) opened at 1018.00 on Thursday. The firm’s market capitalization is GBX 35.03 billion. National Grid plc has a 12-month low of GBX 888.90 and a 12-month high of GBX 1,148.00. The stock’s 50 day moving average price is GBX 1,081.94 and its 200-day moving average price is GBX 1,058.89.

ILLEGAL ACTIVITY WARNING: “National Grid plc (NG) Downgraded by Berenberg Bank to Hold” was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another publication, it was stolen and republished in violation of United States & international copyright and trademark laws. The correct version of this report can be viewed at https://www.com-unik.info/2017/06/17/national-grid-plc-ng-cut-to-hold-at-berenberg-bank-updated-updated-updated.html.

The company also recently announced a dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Thursday, June 1st will be given a GBX 29.10 ($0.37) dividend. The ex-dividend date is Thursday, June 1st. This represents a yield of 2.74%.

About National Grid plc

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.

What are top analysts saying about National Grid plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for National Grid plc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit