National Grid plc (NG) Given Buy Rating at HSBC Holdings plc

National Grid plc (LON:NG)‘s stock had its “buy” rating reissued by equities research analysts at HSBC Holdings plc in a research note issued to investors on Monday. They currently have a GBX 1,060 ($14.06) target price on the stock. HSBC Holdings plc’s price target suggests a potential upside of 13.03% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Citigroup Inc. set a GBX 1,126 ($14.94) price objective on shares of National Grid plc and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,050 ($13.93) price objective on shares of National Grid plc in a research note on Tuesday, August 1st. Barclays PLC increased their price objective on shares of National Grid plc from GBX 1,075 ($14.26) to GBX 1,095 ($14.52) and gave the stock an “equal weight” rating in a research note on Monday, June 12th. BNP Paribas reissued a “neutral” rating and issued a GBX 1,000 ($13.26) price objective on shares of National Grid plc in a research note on Friday, July 21st. Finally, Morgan Stanley reduced their price objective on shares of National Grid plc from GBX 1,125 ($14.92) to GBX 1,100 ($14.59) and set an “overweight” rating for the company in a research note on Tuesday, July 18th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. National Grid plc currently has a consensus rating of “Hold” and an average target price of GBX 1,008.80 ($13.38).

National Grid plc (NG) opened at 937.80 on Monday. The stock’s 50 day moving average is GBX 955.29 and its 200-day moving average is GBX 1,016.62. National Grid plc has a 52-week low of GBX 888.90 and a 52-week high of GBX 1,097.00. The stock’s market capitalization is GBX 32.27 billion.

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In other National Grid plc news, insider Andrew R. J. Bonfield sold 14,710 shares of National Grid plc stock in a transaction on Monday, July 31st. The shares were sold at an average price of GBX 939 ($12.46), for a total value of £138,126.90 ($183,216.47).

National Grid plc C

Other analysts have also recently issued reports about the stock. Citigroup Inc. set a GBX 1,126 ($14.94) price objective on shares of National Grid plc and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,050 ($13.93) price objective on shares of National Grid plc in a research note on Tuesday, August 1st. Barclays PLC increased their price objective on shares of National Grid plc from GBX 1,075 ($14.26) to GBX 1,095 ($14.52) and gave the stock an “equal weight” rating in a research note on Monday, June 12th. BNP Paribas reissued a “neutral” rating and issued a GBX 1,000 ($13.26) price objective on shares of National Grid plc in a research note on Friday, July 21st. Finally, Morgan Stanley reduced their price objective on shares of National Grid plc from GBX 1,125 ($14.92) to GBX 1,100 ($14.59) and set an “overweight” rating for the company in a research note on Tuesday, July 18th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. National Grid plc currently has a consensus rating of “Hold” and an average target price of GBX 1,008.80 ($13.38).

National Grid plc (NG) opened at 937.80 on Monday. The stock’s 50 day moving average is GBX 955.29 and its 200-day moving average is GBX 1,016.62. National Grid plc has a 52-week low of GBX 888.90 and a 52-week high of GBX 1,097.00. The stock’s market capitalization is GBX 32.27 billion.

COPYRIGHT VIOLATION WARNING: This piece was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://ledgergazette.com/2017/10/09/national-grid-plc-ng-given-buy-rating-at-hsbc-holdings-plc.html.

In other National Grid plc news, insider Andrew R. J. Bonfield sold 14,710 shares of National Grid plc stock in a transaction on Monday, July 31st. The shares were sold at an average price of GBX 939 ($12.46), for a total value of £138,126.90 ($183,216.47).

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.

Analyst Recommendations for National Grid plc (LON:NG)

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