National Grid (LON:NG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

National Grid (LON:NG) had its target price increased by research analysts at JPMorgan Chase & Co. from GBX 1,250 to GBX 1,450 in a research report issued on Wednesday,London Stock Exchange reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 14.22% from the stock’s current price.

A number of other analysts also recently weighed in on the company. Jefferies Financial Group downgraded National Grid to a “hold” rating and set a GBX 1,410 target price for the company. in a research report on Wednesday, March 18th. Citigroup lifted their price target on shares of National Grid from GBX 1,150 to GBX 1,200 and gave the stock a “neutral” rating in a research note on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of National Grid from GBX 1,150 to GBX 1,250 and gave the stock a “buy” rating in a report on Monday, January 19th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 1,302.

National Grid Price Performance

Shares of NG traded down GBX 3 during midday trading on Wednesday, reaching GBX 1,269.50. The stock had a trading volume of 10,193,517 shares. The company has a current ratio of 0.97, a quick ratio of 0.34 and a debt-to-equity ratio of 123.46. The company has a market capitalization of £62.33 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.06 and a beta of 0.61. The company’s 50-day moving average is GBX 1,301.08 and its 200 day moving average is GBX 1,188.72. National Grid has a 12-month low of GBX 645 and a 12-month high of GBX 1,145.50.

About National Grid

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.