J P Morgan Chase & Co Reiterates “Overweight” Rating for National Grid plc (NG)
National Grid plc (LON:NG)‘s stock had its “overweight” rating restated by equities research analysts at J P Morgan Chase & Co in a research note issued to investors on Thursday, StockTargetPrices.com reports. They currently have a GBX 1,060 ($13.94) price target on the stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 20.07% from the stock’s current price.
Several other research firms also recently commented on NG. Berenberg Bank restated a “buy” rating and set a GBX 1,050 ($13.81) target price on shares of National Grid plc in a research report on Tuesday, August 1st. Credit Suisse Group reiterated an “underperform” rating and issued a GBX 850 ($11.18) price objective on shares of National Grid plc in a research report on Friday, July 21st. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 900 ($11.84) price objective on shares of National Grid plc in a research report on Monday, November 13th. Morgan Stanley reiterated an “overweight” rating on shares of National Grid plc in a research report on Tuesday, October 31st. Finally, BNP Paribas reiterated a “neutral” rating and issued a GBX 1,000 ($13.15) price objective on shares of National Grid plc in a research report on Friday, July 21st. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. National Grid plc currently has an average rating of “Hold” and an average target price of GBX 991.06 ($13.04).
National Grid plc (NG) opened at GBX 882.80 ($11.61) on Thursday. National Grid plc has a 52-week low of GBX 883.10 ($11.62) and a 52-week high of GBX 1,097 ($14.43).
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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.
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