J P Morgan Chase & Co Reiterates “Overweight” Rating for National Grid plc (NG)

National Grid plc (LON:NG)‘s stock had its “overweight” rating reissued by research analysts at J P Morgan Chase & Co in a note issued to investors on Friday. They currently have a GBX 1,060 ($13.94) target price on the stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 18.46% from the stock’s previous close.

NG has been the topic of several other reports. Deutsche Bank AG reissued a “sell” rating and issued a GBX 900 ($11.84) target price on shares of National Grid plc in a research note on Thursday, September 14th. Credit Suisse Group reissued an “underperform” rating and issued a GBX 850 ($11.18) target price on shares of National Grid plc in a research note on Friday, July 21st. HSBC Holdings plc reissued a “buy” rating and issued a GBX 1,060 ($13.94) target price on shares of National Grid plc in a research note on Monday, October 9th. Finally, Barclays PLC set a GBX 990 ($13.02) target price on National Grid plc and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 991.06 ($13.04).

Shares of National Grid plc (LON NG) opened at GBX 894.80 ($11.77) on Friday. National Grid plc has a 12 month low of GBX 888.90 ($11.69) and a 12 month high of GBX 1,097 ($14.43).

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About National Grid plc

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 plc (LON:NG)

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