A number of other equities analysts also recently commented on NG. UBS Group set a GBX 830 ($11.26) price objective on shares of National Grid and gave the stock a sell rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. restated an overweight rating and set a GBX 1,040 ($14.10) price objective on shares of National Grid in a research report on Tuesday. Morgan Stanley restated an overweight rating and set a GBX 1,100 ($14.92) price objective on shares of National Grid in a research report on Monday, January 22nd. Deutsche Bank upgraded shares of National Grid to a hold rating and cut their price objective for the stock from GBX 900 ($12.21) to GBX 850 ($11.53) in a research report on Wednesday, December 6th. Finally, Bank of America set a GBX 1,140 ($15.46) price target on shares of National Grid and gave the company a buy rating in a report on Wednesday, November 29th. Two investment 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. National Grid presently has a consensus rating of Hold and an average target price of GBX 974.06 ($13.21).
National Grid (LON NG) opened at GBX 807 ($10.94) on Friday. The company has a market cap of $27,260.00 and a price-to-earnings ratio of 1,681.25. National Grid has a 12-month low of GBX 793.70 ($10.76) and a 12-month high of GBX 1,097 ($14.88).
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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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