National Grid plc (LON:NG – Get Free Report) shares rose 0.7% during mid-day trading on Tuesday . The stock traded as high as GBX 978.40 ($12.33) and last traded at GBX 977.80 ($12.33). Approximately 3,358,454 shares were traded during trading, The stock had previously closed at GBX 970.60 ($12.23).
Analyst Upgrades and Downgrades
NG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on National Grid from GBX 1,100 ($13.87) to GBX 1,080 ($13.61) and set a “hold” rating on the stock in a research report on Monday, May 22nd. Berenberg Bank restated a “hold” rating and set a GBX 1,100 ($13.87) price target on shares of National Grid in a research report on Tuesday, May 23rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,126 ($14.19).
National Grid Stock Up 0.9 %
Insider Buying and Selling at National Grid
In other news, insider John Pettigrew sold 219,615 shares of the business’s stock in a transaction on Tuesday, July 4th. The stock was sold at an average price of GBX 1,047 ($13.20), for a total value of £2,299,369.05 ($2,898,486.13). Over the last 90 days, insiders purchased 28,665 shares of company stock worth $29,666,768. 0.14% of the stock is owned by insiders.
National Grid Company Profile
National Grid plc transmits and distributes electricity and gas. The company operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.
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