National Grid (NG) Given a GBX 877 Price Target by Goldman Sachs Group Analysts
National Grid (LON:NG) has been given a GBX 877 ($11.89) price target by equities research analysts at Goldman Sachs Group in a report released on Friday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s target price points to a potential upside of 8.67% from the company’s current price.
NG has been the subject of several other reports. Citigroup restated a “buy” rating and issued a GBX 1,008 ($13.67) target price on shares of National Grid in a research note on Wednesday, January 17th. Deutsche Bank reiterated a “sell” rating and set a GBX 900 ($12.21) price objective on shares of National Grid in a research note on Monday, November 13th. Morgan Stanley reiterated an “overweight” rating and set a GBX 1,100 ($14.92) price objective on shares of National Grid in a research note on Monday, January 22nd. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,060 ($14.37) price objective on shares of National Grid in a research note on Thursday, October 26th. Finally, reiterated a “buy” rating and set a GBX 1,060 ($14.37) price objective on shares of National Grid in a research note on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. National Grid presently has a consensus rating of “Hold” and an average price target of GBX 974.06 ($13.21).
Shares of National Grid (NG) opened at GBX 807 ($10.94) on Friday. The firm has a market cap of $27,260.00 and a P/E ratio of 1,681.25. National Grid has a one year low of GBX 793.70 ($10.76) and a one year high of GBX 1,097 ($14.88).
National Grid Company Profile
National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.
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