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

JPMorgan Chase & Co. set a GBX 960 ($12.54) target price on National Grid (LON:NG) in a research report report published on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently commented on NG. Deutsche Bank upgraded National Grid to a buy rating and upped their target price for the stock from GBX 890 ($11.63) to GBX 930 ($12.15) in a research note on Tuesday, October 8th. Jefferies Financial Group upped their target price on National Grid from GBX 820 ($10.71) to GBX 880 ($11.50) and gave the stock a hold rating in a research note on Thursday, September 19th. Credit Suisse Group set a GBX 970 ($12.67) price target on National Grid and gave the stock a buy rating in a report on Thursday, October 17th. Barclays reaffirmed an overweight rating on shares of National Grid in a report on Thursday. Finally, Morgan Stanley reaffirmed an overweight rating on shares of National Grid in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of GBX 934.77 ($12.21).

Shares of NG traded up GBX 11.70 ($0.15) during mid-day trading on Thursday, reaching GBX 906.80 ($11.85). The company had a trading volume of 5,062,120 shares, compared to its average volume of 10,850,000. National Grid has a 52-week low of GBX 8.90 ($0.12) and a 52-week high of GBX 926.70 ($12.11). The company has a quick ratio of 0.58, a current ratio of 0.87 and a debt-to-equity ratio of 153.93. The stock has a market capitalization of $31.16 billion and a P/E ratio of 20.38. The stock has a 50 day moving average of GBX 891.39 and a two-hundred day moving average of GBX 850.85.

The firm also recently declared a dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, November 28th will be issued a GBX 16.57 ($0.22) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 1.85%. National Grid’s payout ratio is 1.06%.

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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