National Grid (LON:NG) Price Target Lowered to GBX 1,440 at JPMorgan Chase & Co.

National Grid (LON:NG) had its price target decreased by JPMorgan Chase & Co. from GBX 1,450 to GBX 1,440 in a research report sent to investors on Thursday,Digital Look reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Citigroup raised their target price on shares of National Grid from GBX 1,149 to GBX 1,253 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Jefferies Financial Group downgraded shares of National Grid to a “hold” rating and set a GBX 1,410 target price for the company. in a research note on Wednesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of National Grid from GBX 1,430 to GBX 1,370 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,334.60.

National Grid Price Performance

Shares of NG opened at GBX 1,298.20 on Thursday. The company has a market cap of £63.74 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 2.06 and a beta of 0.62. National Grid has a twelve month low of GBX 645 and a twelve month high of GBX 1,145.50. The company has a quick ratio of 0.34, a current ratio of 0.97 and a debt-to-equity ratio of 123.46. The company has a 50 day moving average of GBX 1,311.44 and a two-hundred day moving average of GBX 1,229.61.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales.