National Grid (LON:NG) received a GBX 850 ($11.74) target price from stock analysts at Deutsche Bank in a research note issued on Monday. The firm presently has a “neutral” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 8.45% from the stock’s previous close.
NG has been the subject of a number of other reports. Morgan Stanley reissued an “overweight” rating and issued a GBX 1,100 ($15.20) target price on shares of National Grid in a research report on Monday, January 22nd. UBS Group set a GBX 830 ($11.47) target price on National Grid and gave the company a “sell” rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. decreased their target price on National Grid from GBX 1,060 ($14.64) to GBX 1,040 ($14.37) and set an “overweight” rating for the company in a research report on Wednesday, December 6th. Royal Bank of Canada decreased their target price 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 reissued a “buy” rating and issued a GBX 1,008 ($13.93) target price on shares of National Grid in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. National Grid presently has a consensus rating of “Hold” and an average price target of GBX 970.31 ($13.41).
Shares of National Grid (LON:NG) traded up GBX 0.10 ($0.00) during midday trading on Monday, hitting GBX 783.80 ($10.83). The company had a trading volume of 6,919,583 shares, compared to its average volume of 10,340,000. The firm has a market cap of $26,380.00 and a PE ratio of 1,632.92. National Grid has a 1 year low of GBX 733 ($10.13) and a 1 year high of GBX 1,097 ($15.16).
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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.
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