National Grid (NG) Upgraded at Credit Suisse Group
Credit Suisse Group upgraded shares of National Grid (LON:NG) to a neutral rating in a research report sent to investors on Monday. The brokerage currently has GBX 860 ($11.52) target price on the stock.
Other equities research analysts have also issued reports about the stock. Deutsche Bank reaffirmed a sell rating and issued a GBX 900 ($12.05) price target on shares of National Grid in a report on Monday, October 30th. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 1,060 ($14.20) price target on shares of National Grid in a report on Friday, November 10th. Macquarie reaffirmed a neutral rating and issued a GBX 975 ($13.06) price target on shares of National Grid in a report on Thursday, October 26th. Berenberg Bank reaffirmed a buy rating and issued a GBX 1,050 ($14.06) price target on shares of National Grid in a report on Tuesday, August 1st. Finally, Morgan Stanley reaffirmed an overweight rating on shares of National Grid in a report on Tuesday, October 31st. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. National Grid currently has an average rating of Hold and a consensus target price of GBX 999.82 ($13.39).
National Grid (NG) opened at GBX 880 ($11.79) on Monday. National Grid has a 12-month low of GBX 859.30 ($11.51) and a 12-month high of GBX 1,097 ($14.69).
The business also recently declared a dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, November 23rd will be paid a GBX 15.49 ($0.21) dividend. This represents a yield of 1.73%. The ex-dividend date is Thursday, November 23rd.
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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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