Royal Bank of Canada set a GBX 950 ($12.41) price target on National Grid (LON:NG) in a report released on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other analysts have also commented on NG. UBS Group set a GBX 800 ($10.45) price objective on National Grid and gave the company a neutral rating in a report on Thursday, January 17th. Societe Generale set a GBX 930 ($12.15) price objective on National Grid and gave the company a buy rating in a report on Thursday, January 17th. Barclays started coverage on National Grid in a report on Wednesday, January 30th. They issued an overweight rating and a GBX 950 ($12.41) price objective on the stock. Goldman Sachs Group raised their price objective on National Grid from GBX 875 ($11.43) to GBX 899 ($11.75) and gave the company a neutral rating in a report on Friday, April 5th. Finally, Jefferies Financial Group reissued a hold rating on shares of National Grid in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of GBX 907.67 ($11.86).
NG traded up GBX 3.60 ($0.05) during trading on Thursday, hitting GBX 818.10 ($10.69). The company’s stock had a trading volume of 5,579,285 shares, compared to its average volume of 10,850,000. The company has a current ratio of 0.85, a quick ratio of 0.51 and a debt-to-equity ratio of 148.26. National Grid has a twelve month low of GBX 744.50 ($9.73) and a twelve month high of GBX 895.10 ($11.70). The firm has a market cap of $28.02 billion and a P/E ratio of 8.39.
The company also recently declared a dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Thursday, May 30th will be paid a GBX 31.26 ($0.41) dividend. The ex-dividend date is Thursday, May 30th. This is a positive change from National Grid’s previous dividend of $16.08. This represents a dividend yield of 3.8%. National Grid’s payout ratio is currently 0.48%.
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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