National Grid (NG) Given a GBX 990 Price Target at Macquarie

Macquarie set a GBX 990 ($13.32) price objective on National Grid (LON:NG) in a research note published on Tuesday morning. The brokerage currently has a buy rating on the stock.

NG has been the topic of several other reports. Deutsche Bank reissued a sell rating and set a GBX 900 ($12.11) price target on shares of National Grid in a research report on Thursday, September 14th. J P Morgan Chase & Co reissued an overweight rating and set a GBX 1,060 ($14.27) price target on shares of National Grid in a research report on Thursday, September 14th. Goldman Sachs Group set a GBX 877 ($11.80) price target on National Grid and gave the stock a sell rating in a research report on Thursday, December 14th. Credit Suisse Group restated an underperform rating and set a GBX 860 ($11.57) price objective on shares of National Grid in a report on Thursday, November 2nd. Finally, restated a buy rating and set a GBX 1,060 ($14.27) price objective on shares of National Grid in a report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 993.94 ($13.38).

National Grid (NG) opened at GBX 872.20 ($11.74) on Tuesday. National Grid has a 52 week low of GBX 859.30 ($11.57) and a 52 week high of GBX 1,097 ($14.76).

The business also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, November 23rd will be paid a dividend of GBX 15.49 ($0.21) per share. The ex-dividend date is Thursday, November 23rd. This represents a yield of 1.73%.

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About National Grid

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 (LON:NG)

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