National Grid (LON:NG) Price Target Cut to GBX 1,370 by Analysts at Deutsche Bank Aktiengesellschaft
by Mitch Edgeman · The Markets DailyNational Grid (LON:NG – Get Free Report) had its price target dropped by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 1,430 to GBX 1,370 in a research report issued on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 7.92% from the company’s current price.
A number of other analysts have also recently issued reports on NG. JPMorgan Chase & Co. increased their price objective on shares of National Grid from GBX 1,250 to GBX 1,450 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup upped their target price on shares of National Grid from GBX 1,150 to GBX 1,200 and gave the stock a “neutral” rating in a report on Monday, January 26th. Finally, Jefferies Financial Group lowered National Grid to a “hold” rating and set a GBX 1,410 price target for the company. in a research note on Wednesday, March 18th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, National Grid currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,326.
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National Grid Stock Performance
National Grid stock traded down GBX 3 during midday trading on Wednesday, hitting GBX 1,269.50. The stock had a trading volume of 10,193,517 shares. The firm’s fifty day moving average is GBX 1,301.08 and its two-hundred day moving average is GBX 1,188.72. The company has a market capitalization of £62.33 billion, a PE ratio of 20.86, a P/E/G ratio of 2.06 and a beta of 0.61. National Grid has a 52-week low of GBX 645 and a 52-week high of GBX 1,145.50. The company has a current ratio of 0.97, a quick ratio of 0.34 and a debt-to-equity ratio of 123.46.
National Grid Company Profile
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.