National Grid plc (LON:NG) insider Andrew R. J. Bonfield sold 14,710 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of GBX 939 ($12.23), for a total transaction of £138,126.90 ($179,876.16).
Shares of National Grid plc (LON NG) opened at 955.00 on Friday. The stock’s 50 day moving average is GBX 949.38 and its 200-day moving average is GBX 1,041.45. National Grid plc has a one year low of GBX 921.20 and a one year high of GBX 1,220.29. The firm’s market cap is GBX 32.86 billion.
The business also recently declared a dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Thursday, June 1st will be paid a dividend of GBX 29.10 ($0.38) per share. This represents a yield of 2.74%. The ex-dividend date is Thursday, June 1st.
A number of research analysts recently weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,050 ($13.67) price target on shares of National Grid plc in a research note on Tuesday, August 1st. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 920 ($11.98) price target on shares of National Grid plc in a research note on Wednesday, May 17th. Barclays PLC reissued an “equal weight” rating and issued a GBX 1,075 ($14.00) target price on shares of National Grid plc in a research note on Friday, May 12th. Goldman Sachs Group, Inc. (The) set a GBX 855 ($11.13) target price on shares of National Grid plc and gave the stock a “sell” rating in a research note on Friday, May 19th. Finally, Macquarie raised shares of National Grid plc to a “neutral” rating and raised their target price for the stock from GBX 880 ($11.46) to GBX 1,005 ($13.09) in a research note on Friday, April 21st. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 1,014.80 ($13.22).
National Grid plc Company Profile
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.
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