UBS Group reissued their neutral rating on shares of National Grid (LON:NG) in a research report sent to investors on Monday morning, Borsen Zeitung reports. The firm currently has a GBX 960 ($12.63) target price on the stock, up from their prior target price of GBX 900 ($11.84).
A number of other research analysts also recently commented on NG. JPMorgan Chase & Co. set a GBX 960 ($12.63) target price on National Grid and gave the company a buy rating in a research report on Thursday, November 14th. HSBC increased their target price on National Grid from GBX 930 ($12.23) to GBX 970 ($12.76) and gave the company a buy rating in a research report on Friday, December 13th. BNP Paribas reiterated a neutral rating on shares of National Grid in a research report on Friday, January 10th. Deutsche Bank set a GBX 980 ($12.89) target price on National Grid and gave the company a buy rating in a research report on Monday, January 6th. Finally, Barclays increased their target price on National Grid from GBX 960 ($12.63) to GBX 1,010 ($13.29) and gave the company an overweight rating in a research report on Monday, December 16th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of GBX 967.67 ($12.73).
LON NG opened at GBX 1,001.80 ($13.18) on Monday. The company has a debt-to-equity ratio of 172.43, a quick ratio of 0.64 and a current ratio of 0.70. The company has a market capitalization of $34.61 billion and a P/E ratio of 23.30. National Grid has a one year low of GBX 8.90 ($0.12) and a one year high of GBX 969.80 ($12.76). The stock has a 50 day moving average price of GBX 944.29 and a 200-day moving average price of GBX 887.50.
National Grid Company Profile
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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