National Grid Given New GBX 805 Price Target at JPMorgan Chase & Co. (NG)
JPMorgan Chase & Co. hoisted their price target on shares of National Grid (LON:NG) from GBX 735 ($12.07) to GBX 805 ($13.21) in a research note issued on Thursday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 0.94% from the stock’s previous close.
Shares of National Grid (LON:NG) traded down 0.06% during mid-day trading on Thursday, hitting GBX 797.50. The stock had a trading volume of 5,636,930 shares. National Grid has a 52-week low of GBX 678.00 and a 52-week high of GBX 849.50. The stock has a 50-day moving average of GBX 775.9 and a 200-day moving average of GBX 764.0. The company’s market cap is £29.739 billion.
A number of other firms have also recently commented on NG. Analysts at Credit Suisse reiterated an “outperform” rating on shares of National Grid in a research note to investors on Thursday, January 16th. They now have a GBX 800 ($13.13) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of National Grid in a research note to investors on Tuesday, January 7th. They now have a GBX 780 ($12.80) price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. National Grid has a consensus rating of “Hold” and a consensus price target of GBX 788.30 ($12.94).
National Grid Plc is an international electricity and gas company. The Company’s segments include UK Transmission, UK Gas Distribution, US Regulated and Other activities.
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