National Grid (NG) Given a GBX 1,040 Price Target at JPMorgan Chase & Co.

National Grid (LON:NG) received a GBX 1,040 ($14.10) price objective from JPMorgan Chase & Co. in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 26.75% from the stock’s current price.

Several other equities analysts have also recently issued reports on NG. Deutsche Bank reaffirmed a “sell” rating and issued a GBX 900 ($12.21) price objective on shares of National Grid in a research note on Friday, October 6th. reaffirmed a “buy” rating and issued a GBX 1,060 ($14.37) price objective on shares of National Grid in a research note on Monday, October 9th. Macquarie reaffirmed a “neutral” rating and issued a GBX 975 ($13.22) price objective on shares of National Grid in a research note on Thursday, October 26th. Morgan Stanley reaffirmed an “overweight” rating on shares of National Grid in a research note on Tuesday, October 31st. Finally, Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 860 ($11.66) price objective on shares of National Grid in a research note on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 974.06 ($13.21).

National Grid (NG) traded down GBX 7.50 ($0.10) during mid-day trading on Tuesday, hitting GBX 820.50 ($11.13). 10,672,541 shares of the company’s stock were exchanged, compared to its average volume of 6,950,000. National Grid has a one year low of GBX 800 ($10.85) and a one year high of GBX 1,097 ($14.88). The company has a market cap of $27,720.00 and a P/E ratio of 1,709.38.

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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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