JPMorgan Chase Analysts Give National Grid (NG) a GBX 900 Price Target

National Grid (LON:NG) has been given a GBX 900 ($12.72) target price by investment analysts at JPMorgan Chase in a report released on Thursday. The brokerage currently has a “buy” rating on the stock. JPMorgan Chase’s price objective would suggest a potential upside of 8.77% from the stock’s previous close.

A number of other analysts have also commented on the company. Deutsche Bank set a GBX 780 ($11.02) price objective on National Grid and gave the stock a “neutral” rating in a report on Thursday. Morgan Stanley reissued an “outperform” rating and set a GBX 970 ($13.71) price objective on shares of National Grid in a report on Thursday, April 5th. UBS set a GBX 800 ($11.31) price objective on National Grid and gave the stock a “neutral” rating in a report on Wednesday, March 14th. Credit Suisse Group set a GBX 850 ($12.01) target price on National Grid and gave the stock a “neutral” rating in a research note on Thursday, March 8th. Finally, Goldman Sachs set a GBX 877 ($12.40) target price on National Grid and gave the stock a “neutral” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. National Grid has a consensus rating of “Hold” and a consensus target price of GBX 947.67 ($13.39).

Shares of LON NG opened at GBX 827.40 ($11.69) on Thursday. National Grid has a 52-week low of GBX 733 ($10.36) and a 52-week high of GBX 1,097 ($15.51).



In other National Grid news, insider Mark Williamson purchased 43,128 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was acquired at an average cost of GBX 805 ($11.38) per share, for a total transaction of £347,180.40 ($490,714.35). Also, insider Peter Gershon purchased 6,500 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were acquired at an average price of GBX 743 ($10.50) per share, with a total value of £48,295 ($68,261.48). In the last three months, insiders purchased 49,647 shares of company stock worth $39,562,227.

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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.

Analyst Recommendations for National Grid (LON:NG)

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