Morgan Stanley Analysts Give National Grid (NG) a GBX 1,050 Price Target

National Grid (LON:NG) has been given a GBX 1,050 ($14.51) target price by equities researchers at Morgan Stanley in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Morgan Stanley’s target price points to a potential upside of 42.51% from the company’s current price.

NG has been the subject of several other reports. Deutsche Bank reissued a “sell” rating and issued a GBX 900 ($12.43) price objective on shares of National Grid in a research report on Tuesday, November 7th. UBS Group set a GBX 830 ($11.47) price objective on National Grid and gave the company a “sell” rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,060 ($14.64) price objective on shares of National Grid in a research report on Thursday, November 16th. Royal Bank of Canada reduced their price objective on National Grid from GBX 1,050 ($14.51) to GBX 950 ($13.13) and set a “sector performer” rating for the company in a research report on Monday, December 11th. Finally, Citigroup restated a “buy” rating and issued a GBX 1,008 ($13.93) target price on shares of National Grid in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. National Grid presently has a consensus rating of “Hold” and a consensus target price of GBX 970.94 ($13.41).

National Grid (LON:NG) traded down GBX 12.10 ($0.17) on Tuesday, hitting GBX 736.80 ($10.18). The stock had a trading volume of 10,639,422 shares, compared to its average volume of 8,070,000. National Grid has a 12 month low of GBX 736.80 ($10.18) and a 12 month high of GBX 1,097 ($15.16). The company has a market capitalization of $24,890.00 and a PE ratio of 1,535.00.

In related news, insider Mark Williamson acquired 43,128 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was purchased at an average cost of GBX 805 ($11.12) per share, for a total transaction of £347,180.40 ($479,663.44). Insiders have acquired 43,163 shares of company stock valued at $34,748,484 over the last quarter.

COPYRIGHT VIOLATION NOTICE: “Morgan Stanley Analysts Give National Grid (NG) a GBX 1,050 Price Target” was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.americanbankingnews.com/2018/02/13/morgan-stanley-analysts-give-national-grid-ng-a-gbx-1050-price-target.html.

National Grid Company Profile

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)

Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply