National Grid (LON:NG) had its price objective lowered by stock analysts at J P Morgan Chase & Co from GBX 1,060 ($14.27) to GBX 1,040 ($14.00) in a note issued to investors on Wednesday. The brokerage currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price objective points to a potential upside of 17.76% from the stock’s current price.
Several other equities analysts have also issued reports on NG. Bank of America set a GBX 1,140 ($15.34) price target on National Grid and gave the company a “buy” rating in a research note on Wednesday, November 29th. Deutsche Bank upgraded National Grid to a “hold” rating and lowered their price target for the company from GBX 900 ($12.11) to GBX 850 ($11.44) in a research note on Wednesday. Credit Suisse Group upgraded National Grid to a “neutral” rating and set a GBX 860 ($11.57) price target on the stock in a research note on Monday, November 27th. Morgan Stanley restated an “overweight” rating on shares of National Grid in a research note on Tuesday, October 31st. Finally, S&P Global set a GBX 850 ($11.44) price objective on National Grid and gave the company a “sell” rating in a report on Friday, November 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. National Grid presently has a consensus rating of “Hold” and a consensus target price of GBX 995.71 ($13.40).
Shares of National Grid (LON:NG) opened at GBX 883.19 ($11.89) on Wednesday. National Grid has a 12-month low of GBX 859.30 ($11.57) and a 12-month high of GBX 1,097 ($14.76).
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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