National Grid (LON:NG)‘s stock had its “outperform” rating restated by stock analysts at Morgan Stanley in a research report issued to clients and investors on Thursday. They currently have a GBX 970 ($13.71) price target on the stock. Morgan Stanley’s target price indicates a potential upside of 16.33% from the company’s current price.
A number of other equities analysts have also recently weighed in on the company. UBS set a GBX 800 ($11.31) price target on National Grid and gave the stock a “neutral” rating in a report on Wednesday, March 14th. Deutsche Bank set a GBX 850 ($12.01) price target on National Grid and gave the stock a “neutral” rating in a report on Monday, March 12th. Credit Suisse Group set a GBX 850 ($12.01) price target on National Grid and gave the stock a “neutral” rating in a report on Thursday, March 8th. Goldman Sachs set a GBX 877 ($12.40) price target on National Grid and gave the stock a “neutral” rating in a report on Friday, January 26th. Finally, JPMorgan Chase restated an “overweight” rating and issued a GBX 1,040 ($14.70) price target on shares of National Grid in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. National Grid currently has an average rating of “Hold” and a consensus price target of GBX 957 ($13.53).
LON NG traded up GBX 9.70 ($0.14) on Thursday, reaching GBX 833.80 ($11.79). The company had a trading volume of 7,575,017 shares, compared to its average volume of 10,850,000. National Grid has a 1 year low of GBX 733 ($10.36) and a 1 year high of GBX 1,097 ($15.51).
National Grid Company Profile
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, and US Regulated segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead line; 1,500 kilometers of underground cable; and 342 substations located in England and Wales.
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