Royal Bank of Canada set a GBX 1,000 ($13.07) price target on National Grid (LON:NG) in a research report report published on Thursday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of National Grid in a report on Wednesday, October 16th. Morgan Stanley reaffirmed an overweight rating on shares of National Grid in a report on Monday, November 11th. UBS Group set a GBX 840 ($10.98) price objective on shares of National Grid and gave the company a neutral rating in a report on Thursday. Jefferies Financial Group increased their price objective on shares of National Grid from GBX 820 ($10.71) to GBX 880 ($11.50) and gave the company a hold rating in a report on Thursday, September 19th. Finally, Credit Suisse Group set a GBX 970 ($12.67) price objective on shares of National Grid and gave the company a buy rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of GBX 934.77 ($12.21).

LON NG traded up GBX 1.20 ($0.02) on Thursday, reaching GBX 895.10 ($11.70). 6,105,763 shares of the stock were exchanged, compared to its average volume of 10,850,000. National Grid has a one year low of GBX 8.90 ($0.12) and a one year high of GBX 926.70 ($12.11). The firm has a market capitalization of $31.16 billion and a PE ratio of 20.11. The company’s 50-day simple moving average is GBX 891.39 and its two-hundred day simple moving average is GBX 850.85. The company has a current ratio of 0.87, a quick ratio of 0.58 and a debt-to-equity ratio of 153.93.

The business also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, November 28th will be issued a dividend of GBX 16.57 ($0.22) per share. This represents a yield of 1.85%. The ex-dividend date of this dividend is Thursday, November 28th. National Grid’s dividend payout ratio (DPR) is currently 1.06%.

National Grid Company Profile

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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Analyst Recommendations for National Grid (LON:NG)

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