National Grid (LON:NG) Given New GBX 1,440 Price Target at JPMorgan Chase & Co.

National Grid (LON:NG) had its price target reduced by equities researchers at JPMorgan Chase & Co. from GBX 1,450 to GBX 1,440 in a report issued on Thursday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 11.44% from the stock’s previous close.

Several other brokerages also recently commented on NG. Citigroup increased their price target on National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, Jefferies Financial Group downgraded shares of National Grid to a “hold” rating and set a GBX 1,410 price objective on the stock. in a research note on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,334.60.

National Grid Price Performance

Shares of NG opened at GBX 1,292.20 on Thursday. The company has a market capitalization of £63.44 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 2.06 and a beta of 0.64. National Grid has a fifty-two week low of GBX 645 and a fifty-two week high of GBX 1,145.50. The company has a debt-to-equity ratio of 123.46, a current ratio of 0.97 and a quick ratio of 0.34. The business’s 50-day moving average is GBX 1,312.67 and its 200-day moving average is GBX 1,228.37.

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.