National Grid (LON:NG) has been assigned a GBX 800 ($11.05) price target by UBS Group in a research report issued on Wednesday, www.boersen-zeitung.de reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target points to a potential upside of 2.76% from the company’s current price.
Several other research firms have also recently commented on NG. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,060 ($14.64) target price on shares of National Grid in a research note on Thursday, November 16th. Deutsche Bank raised shares of National Grid to a “hold” rating and lowered their price objective for the company from GBX 900 ($12.43) to GBX 850 ($11.74) in a research note on Wednesday, December 6th. Royal Bank of Canada lowered their price objective on shares of 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 note on Monday, December 11th. Bank of America set a GBX 1,140 ($15.75) price objective on shares of National Grid and gave the company a “buy” rating in a research note on Wednesday, November 29th. Finally, Macquarie set a GBX 990 ($13.68) price objective on shares of National Grid and gave the company a “buy” rating in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 968.44 ($13.38).
National Grid (LON:NG) traded up GBX 2.40 ($0.03) during mid-day trading on Wednesday, reaching GBX 778.50 ($10.76). 6,604,624 shares of the company’s stock traded hands, compared to its average volume of 10,570,000. The stock has a market cap of $26,090.00 and a PE ratio of 1,621.88. National Grid has a 12-month low of GBX 733 ($10.13) and a 12-month high of GBX 1,097 ($15.16).
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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.
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