National Grid (LON:NG) Price Target Raised to GBX 1,450
by Kim Johansen · The Markets DailyNational Grid (LON:NG – Free Report) had its price objective boosted by JPMorgan Chase & Co. from GBX 1,250 to GBX 1,450 in a report published on Wednesday morning,London Stock Exchange reports. The brokerage currently has an overweight rating on the stock.
Several other brokerages also recently weighed in on NG. Citigroup raised their target price on shares of National Grid from GBX 1,150 to GBX 1,200 and gave the company a “neutral” rating in a research note on Monday, January 26th. Jefferies Financial Group lowered National Grid to a “hold” rating and set a GBX 1,410 price objective for the company. in a report on Wednesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on National Grid from GBX 1,150 to GBX 1,250 and gave the stock a “buy” rating in a research report on Monday, January 19th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, National Grid presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,326.
Check Out Our Latest Stock Analysis on NG
National Grid Stock Up 2.2%
Shares of National Grid stock opened at GBX 1,323 on Wednesday. The firm’s 50 day moving average price is GBX 1,307.47 and its 200-day moving average price is GBX 1,191.92. The company has a quick ratio of 0.34, a current ratio of 0.97 and a debt-to-equity ratio of 123.46. National Grid has a 52-week low of GBX 645 and a 52-week high of GBX 1,145.50. The company has a market cap of £64.95 billion, a P/E ratio of 21.74, a PEG ratio of 2.06 and a beta of 0.61.
About National Grid
National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales.