Goldman Sachs Group Analysts Give National Grid (NG) a GBX 877 Price Target

Goldman Sachs Group set a GBX 877 ($11.80) price objective on National Grid (LON:NG) in a research note released on Thursday morning. The brokerage currently has a sell rating on the stock.

NG has been the topic of several other research reports. Deutsche Bank reissued a sell rating and set 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 reissued an overweight rating and set a GBX 1,060 ($14.27) price target on shares of National Grid in a research note on Thursday, September 14th. reissued a buy rating and set a GBX 1,060 ($14.27) price target on shares of National Grid in a research note on Monday, October 9th. Credit Suisse Group reissued an underperform rating and set a GBX 860 ($11.57) price target on shares of National Grid in a research note on Thursday, November 2nd. Finally, Barclays set a GBX 990 ($13.32) price target on National Grid and gave the stock a neutral rating in a research note on Thursday, November 2nd. 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 an average rating of Hold and a consensus price target of GBX 993 ($13.36).

Shares of National Grid (LON:NG) opened at GBX 867.64 ($11.68) on Thursday. National Grid has a 52 week low of GBX 859.30 ($11.57) and a 52 week high of GBX 1,097 ($14.76).

The firm also recently declared a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, November 23rd will be paid a dividend of GBX 15.49 ($0.21) per share. This represents a dividend yield of 1.73%. The ex-dividend date is Thursday, November 23rd.

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About National Grid

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.

Analyst Recommendations for National Grid (LON:NG)

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