JPMorgan Chase & Co. Increases National Grid (LON:NG) Price Target to GBX 1,450

National Grid (LON:NG) had its target price lifted by stock analysts at JPMorgan Chase & Co. from GBX 1,250 to GBX 1,450 in a research note issued on Wednesday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 9.60% from the stock’s previous close.

NG has been the topic of a number of other reports. Jefferies Financial Group lowered shares of National Grid to a “hold” rating and set a GBX 1,410 price target for the company. in a report on Wednesday, March 18th. Citigroup raised their price objective on National Grid from GBX 1,150 to GBX 1,200 and gave the stock a “neutral” rating in a research note on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on National Grid from GBX 1,150 to GBX 1,250 and gave the stock a “buy” rating in a report on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,326.

National Grid Stock Performance

Shares of LON:NG opened at GBX 1,323 on Wednesday. The company has a market capitalization of £64.95 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 2.06 and a beta of 0.61. The firm’s 50 day simple moving average is GBX 1,304.74 and its 200 day simple moving average is GBX 1,190.01. The company has a debt-to-equity ratio of 123.46, a current ratio of 0.97 and a quick ratio of 0.34. National Grid has a fifty-two week low of GBX 645 and a fifty-two week high of GBX 1,145.50.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales.