National Grid (LON:NG) has been assigned a GBX 1,140 ($15.34) target price by Bank of America in a note issued to investors on Wednesday, November 29th. The firm presently has a “buy” rating on the stock. Bank of America’s price objective would suggest a potential upside of 30.25% from the stock’s current price.
NG has been the subject of a number of other research reports. Deutsche Bank reissued a “sell” rating and issued a GBX 900 ($12.11) price target on shares of National Grid in a research note on Thursday, September 14th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,060 ($14.27) price objective on shares of National Grid in a report on Thursday, September 14th. restated a “buy” rating and issued a GBX 1,060 ($14.27) price objective on shares of National Grid in a report on Monday, October 9th. Credit Suisse Group restated an “underperform” rating and issued a GBX 860 ($11.57) price objective on shares of National Grid in a report on Thursday, November 2nd. Finally, Barclays set a GBX 990 ($13.32) price target on shares of National Grid and gave the company a “neutral” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,003.56 ($13.51).
Shares of National Grid (NG) traded down GBX 0.59 ($0.01) during trading hours on Wednesday, reaching GBX 875.21 ($11.78). 9,512,822 shares of the company traded hands, compared to its average volume of 9,370,000. National Grid has a 12 month low of GBX 859.30 ($11.57) and a 12 month high of GBX 1,097 ($14.76).
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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