Macquarie Analysts Give National Grid (NG) a GBX 990 Price Target
NG has been the topic of several other reports. Deutsche Bank reiterated a sell rating and set a GBX 900 ($12.11) price target on shares of National Grid in a report on Tuesday, November 7th. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 1,060 ($14.27) price target on shares of National Grid in a report on Thursday, September 14th. Credit Suisse Group reiterated an underperform rating and set a GBX 850 ($11.44) price target on shares of National Grid in a report on Friday, September 22nd. reiterated a buy rating and set a GBX 1,060 ($14.27) price target on shares of National Grid in a report on Monday, October 9th. Finally, Royal Bank of Canada cut their price target on shares of National Grid from GBX 1,050 ($14.13) to GBX 950 ($12.79) and set a sector performer rating on the stock in a report on Monday, December 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 993.94 ($13.38).
National Grid (LON:NG) opened at GBX 868.40 ($11.69) on Tuesday. National Grid has a fifty-two week low of GBX 859.30 ($11.57) and a fifty-two week high of GBX 1,097 ($14.76).
The business also recently announced a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, November 23rd will be paid a GBX 15.49 ($0.21) dividend. The ex-dividend date of this dividend is Thursday, November 23rd. This represents a yield of 1.73%.
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National Grid Company Profile
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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