National Grid (LON:NG) received a GBX 1,050 ($14.51) price objective from Morgan Stanley in a research report issued to clients and investors on Tuesday, February 13th. The brokerage presently has a “buy” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 38.52% from the stock’s current price.
A number of other research firms also recently weighed in on NG. JPMorgan Chase & Co. dropped their target price on National Grid from GBX 1,060 ($14.64) to GBX 1,040 ($14.37) and set an “overweight” rating for the company in a research report on Wednesday, December 6th. Deutsche Bank reiterated a “sell” rating and issued a GBX 900 ($12.43) price objective on shares of National Grid in a research report on Monday, October 30th. Credit Suisse Group upgraded National Grid to a “neutral” rating and set a GBX 860 ($11.88) price objective for the company in a research report on Monday, November 27th. Macquarie set a GBX 990 ($13.68) price objective on National Grid and gave the company a “buy” rating in a research report on Tuesday, December 19th. Finally, S&P Global set a GBX 850 ($11.74) target price on National Grid and gave the company a “sell” rating in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. National Grid has an average rating of “Hold” and a consensus target price of GBX 970.94 ($13.41).
National Grid (LON NG) opened at GBX 758 ($10.47) on Tuesday. National Grid has a twelve month low of GBX 733 ($10.13) and a twelve month high of GBX 1,097 ($15.16). The firm has a market capitalization of $25,540.00 and a PE ratio of 1,579.17.
In other National Grid news, insider Peter Gershon bought 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average price of GBX 743 ($10.27) per share, for a total transaction of £48,295 ($66,724.23). Also, insider Mark Williamson bought 43,128 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of GBX 805 ($11.12) per share, with a total value of £347,180.40 ($479,663.44). Insiders bought 49,663 shares of company stock worth $39,577,984 in the last ninety days.
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National Grid Company Profile
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.
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