National Grid (NG) Given a GBX 830 Price Target by UBS Group Analysts

National Grid (LON:NG) has been given a GBX 830 ($11.26) price target by stock analysts at UBS Group in a note issued to investors on Monday, www.boersen-zeitung.de reports. The firm currently has a “sell” rating on the stock. UBS Group’s price objective would indicate a potential upside of 0.24% from the company’s current price.

Several other research firms have also recently weighed in on NG. restated a “buy” rating and set a GBX 1,060 ($14.37) target price on shares of National Grid in a research note on Monday, October 9th. Deutsche Bank restated a “sell” rating and set a GBX 900 ($12.21) target price on shares of National Grid in a research note on Friday, October 6th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,060 ($14.37) target price on shares of National Grid in a research note on Friday, November 10th. Barclays set a GBX 990 ($13.43) target price on National Grid and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Finally, Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 860 ($11.66) price target on shares of National Grid in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 974.06 ($13.21).

National Grid (LON NG) traded down GBX 2.50 ($0.03) during mid-day trading on Monday, reaching GBX 828 ($11.23). The company had a trading volume of 6,017,244 shares, compared to its average volume of 7,040,000. The stock has a market capitalization of $27,960.00 and a PE ratio of 1,725.00. National Grid has a 12-month low of GBX 827.20 ($11.22) and a 12-month high of GBX 1,097 ($14.88).

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About National Grid

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.

Analyst Recommendations for National Grid (LON:NG)

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