Societe Generale Reiterates “GBX 950” Price Target for National Grid (NG)

Societe Generale set a GBX 950 ($12.41) price target on National Grid (LON:NG) in a research report released on Friday morning. The brokerage currently has a buy rating on the stock.

NG has been the subject of a number of other reports. HSBC decreased their price target on shares of National Grid from GBX 950 ($12.41) to GBX 940 ($12.28) and set a buy rating for the company in a research report on Thursday, September 6th. JPMorgan Chase & Co. set a GBX 950 ($12.41) price target on shares of National Grid and gave the stock a buy rating in a research report on Thursday. Goldman Sachs Group decreased their price target on shares of National Grid from GBX 847 ($11.07) to GBX 836 ($10.92) and set a neutral rating for the company in a research report on Tuesday, September 18th. Deutsche Bank reaffirmed a hold rating and set a GBX 860 ($11.24) price target on shares of National Grid in a research report on Monday, November 5th. Finally, Berenberg Bank decreased their price target on shares of National Grid from GBX 1,050 ($13.72) to GBX 950 ($12.41) and set a buy rating for the company in a research report on Wednesday, October 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 913.59 ($11.94).

Shares of LON NG traded up GBX 15.70 ($0.21) during trading on Friday, hitting GBX 855.70 ($11.18). 9,373,241 shares of the company traded hands, compared to its average volume of 10,850,000. National Grid has a 1 year low of GBX 733 ($9.58) and a 1 year high of GBX 1,097 ($14.33).

The company also recently disclosed a dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Thursday, November 22nd will be issued a GBX 16.08 ($0.21) dividend. The ex-dividend date is Thursday, November 22nd. This represents a yield of 1.92%.

About National Grid

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

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Analyst Recommendations for National Grid (LON:NG)

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