National Grid (LON:NG) had its price objective raised by HSBC from GBX 930 ($12.38) to GBX 950 ($12.65) in a research note released on Friday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.
Several other equities analysts also recently commented on NG. Deutsche Bank reissued a hold rating on shares of National Grid in a report on Friday, May 18th. JPMorgan Chase & Co. lowered their target price on shares of National Grid from GBX 900 ($11.98) to GBX 870 ($11.58) and set an overweight rating on the stock in a report on Friday, May 11th. Deutsche Bank set a GBX 860 ($11.45) target price on shares of National Grid and gave the stock a neutral rating in a report on Friday, June 1st. Societe Generale set a GBX 921 ($12.26) target price on shares of National Grid and gave the stock a buy rating in a report on Friday, May 18th. Finally, UBS Group set a GBX 800 ($10.65) target price on shares of National Grid and gave the stock a neutral rating in a report on Thursday, May 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. National Grid presently has an average rating of Hold and a consensus target price of GBX 934.42 ($12.44).
Shares of National Grid opened at GBX 824.90 ($10.98) on Friday, MarketBeat Ratings reports. National Grid has a 1-year low of GBX 733 ($9.76) and a 1-year high of GBX 1,097 ($14.61).
The firm also recently declared a dividend, which will be paid on Wednesday, August 15th. Investors of record on Thursday, May 31st will be given a GBX 30.44 ($0.41) dividend. This represents a yield of 3.66%. The ex-dividend date of this dividend is Thursday, May 31st. This is a boost from National Grid’s previous dividend of $15.49.
About National Grid
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, and US Regulated segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead line; 1,500 kilometers of underground cable; and 342 substations located in England and Wales.
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