National Grid (LON:NG) Price Target Raised to GBX 1,450 at JPMorgan Chase & Co.

National Grid (LON:NG) had its target price hoisted by JPMorgan Chase & Co. from GBX 1,250 to GBX 1,450 in a research note published on Wednesday morning,London Stock Exchange reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on National Grid from GBX 1,150 to GBX 1,250 and gave the stock a “buy” rating in a research report on Monday, January 19th. Jefferies Financial Group cut National Grid to a “hold” rating and set a GBX 1,410 price objective for the company. in a report on Wednesday, March 18th. Finally, Citigroup increased their target price on National Grid from GBX 1,150 to GBX 1,200 and gave the stock a “neutral” rating in a report on Monday, January 26th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,326.

National Grid Stock Performance

Shares of LON:NG opened at GBX 1,269.50 on Wednesday. National Grid has a 12-month low of GBX 645 and a 12-month high of GBX 1,145.50. The company’s 50 day moving average price is GBX 1,302.66 and its two-hundred day moving average price is GBX 1,189.28. The firm has a market cap of £62.33 billion, a PE ratio of 20.86, a PEG ratio of 2.06 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.97 and a debt-to-equity ratio of 123.46.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales.