JPMorgan Chase & Co. Trims National Grid (LON:NG) Target Price to GBX 1,200

National Grid (LON:NG) had its price objective reduced by analysts at JPMorgan Chase & Co. from GBX 1,275 ($16.13) to GBX 1,200 ($15.18) in a research note issued on Tuesday, Digital Look reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 35.53% from the stock’s previous close.

A number of other brokerages also recently issued reports on NG. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,330 ($16.82) price objective on shares of National Grid in a research note on Friday, April 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 1,125 ($14.23) price target on shares of National Grid in a research report on Tuesday, June 25th.

National Grid Trading Up 0.3 %

Shares of NG stock opened at GBX 885.40 ($11.20) on Tuesday. The company has a debt-to-equity ratio of 161.24, a current ratio of 0.91 and a quick ratio of 0.34. The company has a market cap of £42.59 billion, a price-to-earnings ratio of 1,475.67, a PEG ratio of 2.78 and a beta of 0.29. National Grid has a 1 year low of GBX 889.40 ($11.25) and a 1 year high of GBX 1,145.50 ($14.49). The firm has a fifty day moving average price of GBX 980.27 and a 200-day moving average price of GBX 1,022.26.

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.