J P Morgan Chase & Co restated their overweight rating on shares of National Grid plc (LON:NG) in a research note issued to investors on Friday morning. They currently have a GBX 1,060 ($13.94) target price on the stock.
Several other brokerages also recently commented on NG. Deutsche Bank AG reissued a sell rating and set a GBX 900 ($11.84) target price on shares of National Grid plc in a research note on Friday, August 25th. HSBC Holdings plc reissued a buy rating and set a GBX 1,060 ($13.94) target price on shares of National Grid plc in a research note on Wednesday, September 6th. Credit Suisse Group reissued an underperform rating and set a GBX 850 ($11.18) target price on shares of National Grid plc in a research note on Friday, July 21st. BNP Paribas reaffirmed a neutral rating and issued a GBX 1,000 ($13.15) price objective on shares of National Grid plc in a research note on Friday, July 21st. Finally, Berenberg Bank reaffirmed a buy rating and issued a GBX 1,050 ($13.81) price objective on shares of National Grid plc in a research note on Tuesday, August 1st. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 991.06 ($13.04).
Shares of National Grid plc (LON:NG) traded down GBX 1.70 ($0.02) during midday trading on Friday, reaching GBX 893.10 ($11.75). The company’s stock had a trading volume of 3,372,593 shares, compared to its average volume of 7,530,000. National Grid plc has a 12-month low of GBX 888.90 ($11.69) and a 12-month high of GBX 1,097 ($14.43).
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The business also recently announced a dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, November 23rd will be issued a GBX 15.49 ($0.20) dividend. This represents a yield of 1.73%. The ex-dividend date of this dividend is Thursday, November 23rd.
National Grid plc 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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