National Grid plc (NG) Downgraded to Sector Performer at Royal Bank of Canada

National Grid plc (LON:NG) was downgraded by Royal Bank of Canada to a “sector performer” rating in a report released on Thursday, May 4th. They currently have a GBX 1,050 ($13.55) target price on the stock. Royal Bank of Canada’s target price would indicate a potential downside of 0.38% from the stock’s previous close.

Several other equities research analysts have also weighed in on NG. Credit Suisse Group AG restated an “underperform” rating and set a GBX 850 ($10.97) price target on shares of National Grid plc in a research report on Monday, February 6th. Berenberg Bank raised National Grid plc to a “buy” rating and boosted their target price for the stock from GBX 970 ($12.52) to GBX 1,050 ($13.55) in a report on Friday, January 20th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 920 ($11.88) target price on shares of National Grid plc in a report on Friday, February 10th. Macquarie raised National Grid plc to a “neutral” rating and boosted their target price for the stock from GBX 880 ($11.36) to GBX 1,005 ($12.97) in a report on Friday, April 21st. Finally, Goldman Sachs Group Inc boosted their target price on National Grid plc from GBX 854 ($11.02) to GBX 855 ($11.04) and gave the stock a “sell” rating in a report on Tuesday, February 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 1,004.07 ($12.96).

Analyst Recommendations for National Grid plc (LON:NG)

Shares of National Grid plc (LON:NG) traded up 0.43% during mid-day trading on Thursday, reaching GBX 1054.00. 11,184,905 shares of the company’s stock traded hands. The company’s market cap is GBX 39.66 billion. The company has a 50 day moving average of GBX 1,023.50 and a 200 day moving average of GBX 972.04. National Grid plc has a 12 month low of GBX 888.90 and a 12 month high of GBX 1,148.00.

The firm also recently disclosed a dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Thursday, June 1st will be paid a GBX 29.10 ($0.38) dividend. This represents a dividend yield of 2.74%. The ex-dividend date is Thursday, June 1st.

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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.

12 Month Chart for LON:NG

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