JPMorgan Chase & Co. Reiterates “Overweight” Rating for National Grid (NG)
Other analysts also recently issued research reports about the company. Societe Generale set a GBX 930 ($12.15) price objective on National Grid and gave the stock a buy rating in a research note on Thursday, January 17th. Jefferies Financial Group reiterated a hold rating on shares of National Grid in a report on Tuesday, April 9th. Credit Suisse Group reiterated a neutral rating and set a GBX 850 ($11.11) target price on shares of National Grid in a report on Sunday, April 14th. UBS Group set a GBX 800 ($10.45) target price on National Grid and gave the stock a neutral rating in a report on Thursday, January 17th. Finally, Goldman Sachs Group increased their target price on National Grid from GBX 875 ($11.43) to GBX 899 ($11.75) and gave the stock a neutral rating in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of GBX 907.67 ($11.86).
Shares of National Grid stock opened at GBX 818.70 ($10.70) on Tuesday. The firm has a market cap of $27.92 billion and a P/E ratio of 8.40. National Grid has a 12 month low of GBX 744.50 ($9.73) and a 12 month high of GBX 895.10 ($11.70). The company has a debt-to-equity ratio of 148.26, a quick ratio of 0.51 and a current ratio of 0.85.
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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