Goldman Sachs Group set a GBX 875 ($11.43) price objective on National Grid (LON:NG) in a report released on Friday morning. The brokerage currently has a neutral rating on the stock.

Several other equities analysts have also recently issued reports on the company. Citigroup reissued a buy rating and issued a GBX 961 ($12.56) price objective on shares of National Grid in a report on Wednesday, August 29th. Deutsche Bank reissued a hold rating on shares of National Grid in a report on Friday, July 27th. Morgan Stanley reissued an overweight rating on shares of National Grid in a report on Monday, September 10th. HSBC decreased their price objective on National Grid from GBX 950 ($12.41) to GBX 940 ($12.28) and set a buy rating for the company in a report on Thursday, September 6th. Finally, JPMorgan Chase & Co. upped their price target on National Grid from GBX 870 ($11.37) to GBX 950 ($12.41) and gave the stock an overweight rating in a report on Monday, September 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. National Grid has an average rating of Hold and a consensus target price of GBX 913.59 ($11.94).

Shares of NG stock traded up GBX 15.70 ($0.21) on Friday, hitting GBX 855.70 ($11.18). The company had a trading volume of 9,373,241 shares, compared to its average volume of 10,850,000. National Grid has a twelve month low of GBX 733 ($9.58) and a twelve month high of GBX 1,097 ($14.33).

The firm also recently declared a dividend, which will be paid on Wednesday, January 9th. Investors of record on Thursday, November 22nd will be issued a GBX 16.08 ($0.21) dividend. The ex-dividend date is Thursday, November 22nd. This represents a yield of 1.92%.

About National Grid

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.

See Also: Cost of Capital

Analyst Recommendations for National Grid (LON:NG)

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