National Grid (NG) Given a GBX 830 Price Target at UBS Group
National Grid (LON:NG) received a GBX 830 ($11.26) price objective from equities research analysts at UBS Group in a note issued to investors on Monday, www.boersen-zeitung.de reports. The brokerage currently has a “sell” rating on the stock. UBS Group’s price objective would suggest a potential downside of 0.01% from the stock’s current price.
Several other brokerages have also recently issued reports on NG. restated a “buy” rating and issued a GBX 1,060 ($14.37) price target on shares of National Grid in a research report on Monday, October 9th. Deutsche Bank restated a “sell” rating and issued a GBX 900 ($12.21) price target on shares of National Grid in a research report on Friday, October 6th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,060 ($14.37) price target on shares of National Grid in a research report on Friday, November 10th. Barclays set a GBX 990 ($13.43) price target on National Grid and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Finally, Credit Suisse Group restated an “underperform” rating and issued a GBX 860 ($11.66) price target on shares of National Grid in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. National Grid has a consensus rating of “Hold” and a consensus price target of GBX 974.06 ($13.21).
Shares of National Grid (NG) traded down GBX 0.40 ($0.01) during mid-day trading on Monday, reaching GBX 830.10 ($11.26). The company had a trading volume of 2,767,067 shares, compared to its average volume of 7,040,000. The firm has a market cap of $28,040.00 and a PE ratio of 1,729.38. National Grid has a 1 year low of GBX 827.20 ($11.22) and a 1 year high of GBX 1,097 ($14.88).
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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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