National Grid (LON:NG) received a GBX 990 ($13.32) target price from Macquarie in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Macquarie’s price objective indicates a potential upside of 13.99% from the company’s previous close.
A number of other research firms have also issued reports on NG. Deutsche Bank reissued a “sell” rating and set a GBX 900 ($12.11) target price on shares of National Grid in a research note on Friday, August 25th. reissued a “buy” rating and set a GBX 1,060 ($14.27) target price on shares of National Grid in a research note on Wednesday, September 6th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 1,060 ($14.27) target price on shares of National Grid in a research note on Thursday, September 14th. Finally, Credit Suisse Group reissued an “underperform” rating and set a GBX 850 ($11.44) target price on shares of National Grid in a research note on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. National Grid has a consensus rating of “Hold” and a consensus price target of GBX 993.94 ($13.38).
National Grid (LON:NG) opened at GBX 868.50 ($11.69) on Tuesday. National Grid has a one year low of GBX 859.30 ($11.57) and a one year high of GBX 1,097 ($14.76).
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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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