A number of other analysts have also recently weighed in on NG. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 1,060 ($14.64) price target on shares of National Grid in a research report on Friday, November 10th. S&P Global set a GBX 850 ($11.74) price objective on shares of National Grid and gave the stock a sell rating in a report on Friday, November 10th. Credit Suisse Group upgraded shares of National Grid to a neutral rating and set a GBX 860 ($11.88) price objective for the company in a report on Monday, November 27th. Bank of America set a GBX 1,140 ($15.75) price objective on shares of National Grid and gave the stock a buy rating in a report on Wednesday, November 29th. Finally, Royal Bank of Canada lowered their price objective on shares of National Grid from GBX 1,050 ($14.51) to GBX 950 ($13.13) and set a sector performer rating for the company in a report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. National Grid has an average rating of Hold and an average price target of GBX 970.31 ($13.41).
Shares of National Grid (LON NG) opened at GBX 783.70 ($10.83) on Thursday. National Grid has a 1 year low of GBX 733 ($10.13) and a 1 year high of GBX 1,097 ($15.16). The firm has a market capitalization of $26,380.00 and a price-to-earnings ratio of 1,632.71.
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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