National Grid (NG) Given a GBX 1,040 Price Target by JPMorgan Chase & Co. Analysts
National Grid (LON:NG) received a GBX 1,040 ($14.10) target price from stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 26.75% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the company. UBS Group set a GBX 830 ($11.26) target price on National Grid and gave the stock a “sell” rating in a report on Monday. Morgan Stanley restated an “overweight” rating and issued a GBX 1,100 ($14.92) price target on shares of National Grid in a research report on Monday. Citigroup restated a “buy” rating and issued a GBX 1,008 ($13.67) price target on shares of National Grid in a research report on Wednesday, January 17th. Macquarie set a GBX 990 ($13.43) price target on National Grid and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, Goldman Sachs Group set a GBX 877 ($11.89) price target on National Grid and gave the stock a “sell” rating in a research report on Thursday, December 14th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 974.06 ($13.21).
National Grid (LON NG) traded down GBX 7.50 ($0.10) on Tuesday, hitting GBX 820.50 ($11.13). The stock had a trading volume of 10,672,541 shares, compared to its average volume of 6,950,000. National Grid has a 12 month low of GBX 800 ($10.85) and a 12 month high of GBX 1,097 ($14.88). The firm has a market capitalization of $27,720.00 and a P/E ratio of 1,709.38.
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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