National Grid plc (NG) Rating Reiterated by JPMorgan Chase & Co.
National Grid plc (LON:NG)‘s stock had its “overweight” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Friday. They currently have a GBX 1,200 ($14.99) price target on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 29.45% from the company’s current price.
NG has been the subject of several other research reports. Barclays PLC reissued an “overweight” rating and set a GBX 1,175 ($14.68) price target on shares of National Grid plc in a research report on Friday, September 23rd. HSBC reissued a “buy” rating and set a GBX 1,185 ($14.81) price target on shares of National Grid plc in a research report on Tuesday, August 2nd. Beaufort Securities reissued a “buy” rating on shares of National Grid plc in a research report on Friday, August 19th. Royal Bank Of Canada downgraded National Grid plc to a “sector performer” rating and raised their price target for the stock from GBX 1,000 ($12.49) to GBX 1,080 ($13.49) in a research report on Friday, July 29th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of National Grid plc in a research report on Wednesday, August 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. National Grid plc currently has a consensus rating of “Hold” and a consensus target price of GBX 1,021.46 ($12.76).
Shares of National Grid plc (LON:NG) opened at 941.70 on Friday. National Grid plc has a 52-week low of GBX 892.92 and a 52-week high of GBX 1,148.00. The firm’s market cap is GBX 35.44 billion. The firm has a 50-day moving average price of GBX 1,048.57 and a 200-day moving average price of GBX 1,043.88.
About National Grid plc
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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