National Grid (LON:NG) Price Target Lowered to GBX 1,440 at JPMorgan Chase & Co.

National Grid (LON:NG) had its price objective lowered by analysts at JPMorgan Chase & Co. from GBX 1,450 to GBX 1,440 in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 11.44% from the stock’s current price.

Several other analysts have also recently commented on NG. Jefferies Financial Group cut shares of National Grid to a “hold” rating and set a GBX 1,410 target price for the company. in a research note on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating for the company in a report on Wednesday, April 1st. Finally, Citigroup lifted their price target on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,334.60.

National Grid Trading Down 1.3%

Shares of LON:NG opened at GBX 1,292.20 on Thursday. National Grid has a 52 week low of GBX 645 and a 52 week high of GBX 1,145.50. The company’s 50 day moving average is GBX 1,312.67 and its two-hundred day moving average is GBX 1,228.37. The company has a current ratio of 0.97, a quick ratio of 0.34 and a debt-to-equity ratio of 123.46. The company has a market cap of £63.44 billion, a PE ratio of 21.23, a P/E/G ratio of 2.06 and a beta of 0.64.

About National Grid

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales.