National Grid (NG) Given a GBX 850 Price Target at Credit Suisse Group
Several other analysts have also issued reports on the stock. Deutsche Bank restated a hold rating on shares of National Grid in a research report on Thursday. Morgan Stanley set a GBX 1,050 ($14.51) target price on shares of National Grid and gave the company a buy rating in a research report on Tuesday, February 13th. Goldman Sachs Group set a GBX 877 ($12.12) target price on shares of National Grid and gave the company a neutral rating in a research report on Friday, January 26th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 1,040 ($14.37) target price on shares of National Grid in a research report on Tuesday, January 23rd. Finally, UBS Group set a GBX 830 ($11.47) target price on shares of National Grid and gave the company a sell rating in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. National Grid currently has a consensus 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. The stock has a market cap of $26,380.00 and a P/E ratio of 1,632.71. National Grid has a 12-month low of GBX 733 ($10.13) and a 12-month high of GBX 1,097 ($15.16).
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About National Grid
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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