National Grid plc (NG) Given Overweight Rating at J P Morgan Chase & Co

J P Morgan Chase & Co reissued their overweight rating on shares of National Grid plc (LON:NG) in a research note released on Thursday morning, StockTargetPrices.com reports. J P Morgan Chase & Co currently has a GBX 1,060 ($13.94) target price on the stock.

Several other equities analysts have also commented on the company. Deutsche Bank AG reiterated a sell rating and set a GBX 900 ($11.84) price objective on shares of National Grid plc in a research report on Monday, October 30th. reiterated a buy rating and set a GBX 1,060 ($13.94) price objective on shares of National Grid plc in a research report on Monday, October 9th. Credit Suisse Group reiterated an underperform rating and set a GBX 850 ($11.18) price objective on shares of National Grid plc in a research report on Friday, July 21st. Macquarie reiterated a neutral rating and set a GBX 975 ($12.82) price objective on shares of National Grid plc in a research report on Thursday, October 26th. Finally, Barclays PLC set a GBX 990 ($13.02) price objective on National Grid plc and gave the company a neutral rating in a research report on Thursday, November 2nd. Five analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 991.06 ($13.04).

National Grid plc (NG) opened at GBX 882.80 ($11.61) on Thursday. National Grid plc has a 1 year low of GBX 883.10 ($11.62) and a 1 year high of GBX 1,097 ($14.43).

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The company also recently announced a dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, November 23rd will be paid a GBX 15.49 ($0.20) dividend. This represents a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, November 23rd.

National Grid plc Company Profile

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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