National Grid (NG) Given a GBX 877 Price Target by Goldman Sachs Group Analysts
Goldman Sachs Group set a GBX 877 ($11.80) price objective on National Grid (LON:NG) in a research report sent to investors on Thursday morning. The brokerage currently has a sell rating on the stock.
Several other research analysts have also recently issued reports on the company. Barclays set a GBX 990 ($13.32) target price on National Grid and gave the stock a neutral rating in a research report on Thursday, November 2nd. J P Morgan Chase & Co reissued an overweight rating and issued a GBX 1,060 ($14.27) target price on shares of National Grid in a research report on Thursday, September 14th. Deutsche Bank reissued a sell rating and issued a GBX 900 ($12.11) target price on shares of National Grid in a research report on Monday, October 30th. reaffirmed a buy rating and set a GBX 1,060 ($14.27) price objective on shares of National Grid in a research report on Monday, October 9th. Finally, Credit Suisse Group reaffirmed an underperform rating and set a GBX 860 ($11.57) price objective on shares of National Grid in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 993 ($13.36).
Shares of National Grid (NG) traded up GBX 6.80 ($0.09) during trading hours on Thursday, reaching GBX 868.60 ($11.69). The company’s stock had a trading volume of 14,870,438 shares, compared to its average volume of 9,010,000. National Grid has a fifty-two week low of GBX 859.30 ($11.57) and a fifty-two week high of GBX 1,097 ($14.76).
The company also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, November 23rd will be paid a GBX 15.49 ($0.21) dividend. This represents a yield of 1.73%. The ex-dividend date of this dividend is Thursday, November 23rd.
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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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