National Grid (NG) Given a GBX 1,000 Price Target by JPMorgan Chase & Co. Analysts
National Grid (LON:NG) received a GBX 1,000 ($13.07) price objective from analysts at JPMorgan Chase & Co. in a report released on Thursday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 21.08% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the company. Deutsche Bank reiterated a “hold” rating on shares of National Grid in a report on Tuesday. Barclays reiterated an “overweight” rating and issued a GBX 950 ($12.41) price objective on shares of National Grid in a report on Monday. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 850 ($11.11) price objective on shares of National Grid in a report on Sunday, April 14th. Jefferies Financial Group reiterated a “hold” rating on shares of National Grid in a report on Tuesday, April 9th. Finally, Goldman Sachs Group upped their price objective 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of GBX 907.67 ($11.86).
National Grid stock opened at GBX 825.91 ($10.79) on Thursday. National Grid has a 52 week low of GBX 744.50 ($9.73) and a 52 week high of GBX 895.10 ($11.70). The company has a debt-to-equity ratio of 148.26, a current ratio of 0.85 and a quick ratio of 0.51. The stock has a market cap of $28.18 billion and a P/E ratio of 8.47.
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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