National Grid (NG) Given a GBX 950 Price Target at Societe Generale

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Societe Generale set a GBX 950 ($12.41) target price on National Grid (LON:NG) in a research note published on Friday. The firm currently has a buy rating on the stock.

Several other research analysts also recently issued reports on NG. Citigroup restated a buy rating and set a GBX 961 ($12.56) price objective on shares of National Grid in a research report on Wednesday, August 29th. JPMorgan Chase & Co. set a GBX 950 ($12.41) price objective on National Grid and gave the stock a buy rating in a research report on Thursday. Goldman Sachs Group set a GBX 847 ($11.07) price objective on National Grid and gave the stock a neutral rating in a research report on Friday, August 31st. Cfra set a GBX 750 ($9.80) price objective on National Grid and gave the stock a sell rating in a research report on Friday, October 5th. Finally, Morgan Stanley restated an overweight rating on shares of National Grid in a research report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. National Grid presently has an average rating of Hold and an average target price of GBX 913.59 ($11.94).

LON:NG traded up GBX 15.70 ($0.21) during mid-day trading on Friday, reaching GBX 855.70 ($11.18). The stock had a trading volume of 9,373,241 shares, compared to its average volume of 10,850,000. National Grid has a twelve month low of GBX 733 ($9.58) and a twelve month high of GBX 1,097 ($14.33).

The company also recently announced a dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Thursday, November 22nd will be paid a GBX 16.08 ($0.21) dividend. The ex-dividend date is Thursday, November 22nd. This represents a yield of 1.92%.

About National Grid

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

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Analyst Recommendations for National Grid (LON:NG)

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