Deutsche Bank Analysts Give National Grid (NG) a GBX 780 Price Target

Deutsche Bank set a GBX 780 ($11.02) price target on National Grid (LON:NG) in a research note released on Thursday. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently weighed in on NG. Credit Suisse Group set a GBX 850 ($12.01) price target on National Grid and gave the company a neutral rating in a research report on Thursday, March 8th. Morgan Stanley reiterated an outperform rating and issued a GBX 970 ($13.71) price target on shares of National Grid in a research report on Thursday, April 5th. UBS set a GBX 800 ($11.31) price target on National Grid and gave the company a neutral rating in a research report on Wednesday, March 14th. JPMorgan Chase reiterated an overweight rating and issued a GBX 1,040 ($14.70) price target on shares of National Grid in a research report on Tuesday, January 23rd. Finally, Macquarie set a GBX 990 ($13.99) price target on National Grid and gave the company a buy rating in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 938.44 ($13.26).

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Shares of LON NG opened at GBX 826.30 ($11.68) on Thursday. National Grid has a fifty-two week low of GBX 733 ($10.36) and a fifty-two week high of GBX 1,097 ($15.51).

In other National Grid news, insider Peter Gershon acquired 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average price of GBX 743 ($10.50) per share, with a total value of £48,295 ($68,261.48). Also, insider Mark Williamson acquired 43,128 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of GBX 805 ($11.38) per share, with a total value of £347,180.40 ($490,714.35). Insiders have purchased 49,647 shares of company stock valued at $39,562,227 in the last three months.

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National Grid Company Profile

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, and US Regulated segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead line; 1,500 kilometers of underground cable; and 342 substations located in England and Wales.

Analyst Recommendations for National Grid (LON:NG)

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