National Grid (LON:NG) Given a GBX 960 Price Target at JPMorgan Chase & Co.

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National Grid (LON:NG) has been assigned a GBX 960 ($12.54) target price by analysts at JPMorgan Chase & Co. in a report released on Thursday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 6.58% from the stock’s previous close.

A number of other research firms have also recently issued reports on NG. Morgan Stanley reaffirmed an “overweight” rating on shares of National Grid in a research report on Monday. Deutsche Bank raised National Grid to a “buy” rating and raised their price objective for the company from GBX 890 ($11.63) to GBX 930 ($12.15) in a research report on Tuesday, October 8th. UBS Group set a GBX 840 ($10.98) price objective on National Grid and gave the company a “neutral” rating in a research report on Thursday. Barclays reaffirmed an “overweight” rating on shares of National Grid in a research report on Thursday. Finally, Royal Bank of Canada set a GBX 1,000 ($13.07) price objective on National Grid and gave the company a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of GBX 932.08 ($12.18).

NG opened at GBX 900.70 ($11.77) on Thursday. National Grid has a 12-month low of GBX 8.90 ($0.12) and a 12-month high of GBX 926.70 ($12.11). The stock has a market cap of $31.04 billion and a price-to-earnings ratio of 20.24. The business has a 50 day moving average of GBX 890.23 and a 200-day moving average of GBX 850.09. The company has a quick ratio of 0.58, a current ratio of 0.87 and a debt-to-equity ratio of 153.93.

National Grid Company Profile

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

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Analyst Recommendations for National Grid (LON:NG)

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