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

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

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

National Grid Stock Performance

Shares of NG opened at GBX 885.40 ($11.20) on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.34 and a debt-to-equity ratio of 161.24. The firm’s fifty day simple moving average is GBX 980.27 and its two-hundred day simple moving average is GBX 1,022.26. National Grid has a 12 month low of GBX 889.40 ($11.25) and a 12 month high of GBX 1,145.50 ($14.49). The stock has a market capitalization of £42.59 billion, a P/E ratio of 1,475.67, a price-to-earnings-growth ratio of 2.78 and a beta of 0.29.

About National Grid

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.